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can't figure out comprehensive income com/low/connect.html 12 Saved Help Save&Exit Submit Check my work Minor, Inc, had revenue of $669,000 and expenses (other than income
can't figure out comprehensive income
com/low/connect.html 12 Saved Help Save&Exit Submit Check my work Minor, Inc, had revenue of $669,000 and expenses (other than income taxes) of $297000 for the current year The compahy is subject to a 35 percent income tax rate. In addition, avalilable-for-sale investments, which were purchased for $17500 early in the year, had a market value at the end of the year of $19,200 a. Determine the amount of Minor's net income for the year b. Determine the total amount of Minor's comprehensive income for the year c. How would your answers to parts a and b differ if the market value of Minor's investments at the end of the year had been $14,200? eBook Print a Net income S 241,800 income ferences c-1. Net income c-2 Comprehensive incomeStep by Step Solution
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