Bandana Company had the following balances for net income and pretax gains and losses on December 31:
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Question:
Bandana Company had the following balances for net income and pretax gains and losses on December 31:
Net income. $ 39,000
Loss on discontinued operations. (11,000)
Unrealized gain on trading security. 20,000
Foreign currency translation gain. 15,000
The company's effective tax rate is 40%. What amount should Bandana Company report as comprehensive income for the year ended December 31?
$32,400
$48,000
$44,400
$53,400
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