Question
Current Attempt in Progress An inexperienced accountant for Lily Corporation showed the following in the income statement: net income $312,750 and unrealized gain on
Current Attempt in Progress An inexperienced accountant for Lily Corporation showed the following in the income statement: net income $312,750 and unrealized gain on available-for-sale securities (before taxes) $95,000. The unrealized gain on available-for-sale securities is subject to a 25% tax rate Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Save for Later LILY CORPORATION Statement of Comprehensive Income $ Attempts: 0 of 1 used Submit Answer
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