Question
Bandana Company had the following balances for net income and pretax gains and losses on December31: Net income $ 39,000 Loss on discontinued operations (11,000)
Bandana Company had the following balances for net income and pretax gains and losses on December31:
Net income
$ 39,000
Loss on discontinued operations
(11,000)
Unrealized gain on trading security
20,000
Foreign currency translation gain
15,000
Thecompany's effective tax rate is40%. What amount should Bandana Company report as comprehensive income for the year ended December31?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
