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An inexperienced accountant for Sheffield Corporation showed the following in the income statement: net income $302.250 and unrealized gain on available-for-sale securities (before taxes) $92,400.
An inexperienced accountant for Sheffield Corporation showed the following in the income statement: net income $302.250 and unrealized gain on available-for-sale securities (before taxes) $92,400. The unrealized gain on available-for-sale securities is subject to 25% tax rate Prepare a correct statement. of comprehensive income. (Enter loss using either a nezative sign preceding the number e. 2,945 or parentheses e..(2,945).)
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