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An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $ 500,000, and unrealized gain on available-for-sale securities
An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $ 500,000, and unrealized gain on available-for-sale securities (before taxes) $ 89,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 29% tax rate. Prepare a correct statement of Comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
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