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Blue Corporation, a public corporation, reported a holding gain of $53,300 net of tax on an investment reported at fair value through other comprehensive income,
Blue Corporation, a public corporation, reported a holding gain of $53,300 net of tax on an investment reported at fair value through other comprehensive income, and a holding loss of $58,000 before tax on an investment held for trading purposes for the year ended April 30, 2024. The company's pre-tax profit before other revenues and expenses was $754,000 and it has a 35% income tax rate. Prepare a partial, all-inclusive statement of comprehensive income beginning with profit from operations. BLUE CORPORATION Statement of Comprehensive Income (Partial) Profit from Operations Other Comprehensive Income - Holding Gain or Loss Gain on Fair Value Adiustment. EVTPL LA 754000
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