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An inexperienced accountant for Coronado Corporation showed the following in the income statement: net income $336,000 and unrealized gain on available-for-sale securities (before taxes) $89,000.
An inexperienced accountant for Coronado Corporation showed the following in the income statement: net income $336,000 and unrealized gain on available-for-sale securities (before taxes) $89,000. The unrealized gain on available-for-sale securities is subject to a 25% tax rate Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number eg. -2,945 or parentheses e.g. (2,945) CORONADO CORPORATION Statement of Comprehensive Income Income before income taxes 336,000 Comprehensive income/(loss) $
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