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An inexperienced accountant for Martinez Corp. showed the following in the income statement: net income $215,970 and unrealized gain on available-for-sale securities (before taxes) $93,000.
An inexperienced accountant for Martinez Corp. showed the following in the income statement: net income $215,970 and unrealized gain on available-for-sale securities (before taxes) $93,000. The unrealized gain on available-for-sale securities is subject to a 31% tax rate. Prepare a correct statement of comprehensive income
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