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An inexperienced accountant for Sarasota Corporation showed the following in the income statement: net income $346,500 and unrealized gain on available-for-sale securities (before taxes) $72,500.
An inexperienced accountant for Sarasota Corporation showed the following in the income statement: net income $346,500 and unrealized gain on available-for-sale securities (before taxes) $72,500. The unrealized gain on available-for-sale securities is subject to a 20% tax rate. Prepare a correct statement of comprehensive income
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