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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Accounting Principles Part 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
6th Canadian edition
1118306783, 978-1118728918, 1118728912, 978-1118306789
