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An inexperienced accountant for Concord Corporation showed the following in the income statement: net income $266,700 and unrealized gain on available-for-sale securities (before taxes) $85,700.
An inexperienced accountant for Concord Corporation showed the following in the income statement: net income $266,700 and unrealized gain on available-for-sale securities (before taxes) $85,700. The unrealized gain on available-for-sale securities subject to a 30% tax rate. Prepare a correct statement of comprehensive income
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