Question
Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31: Income from continuing operations 543,000 Unrealized
Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31: Income from continuing operations 543,000 Unrealized loss on trading security (92,000) Unrealized gain on availableminusforminussale security 33,000 Unrealized loss on pension adjustment (112,000) Gain on disposal of discontinued operations 246,000 The company's effective tax rate is 40%. What amount should Gerogi Company report as comprehensive income for the year ended December 31? A. $426,000 B. $606,400 C. $495,600 D. $643,200
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