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A company reported net income of $1,362,000 for its fiscal year ended December 31 of the current year. In addition, during the year the company
A company reported net income of $1,362,000 for its fiscal year ended December 31 of the current year. In addition, during the year the company experienced a positive foreign currency translation adjustment of $280,000 and an unrealized loss on debt securities of $55,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for the current year. Note: Amounts to be deducted should be indicated with a minus sign
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