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In-Class Problem #4 Chapter 4 Name: The Rufus and Cleft Mining Company reported net income of $2,122,000 for its fiscal year ended December 31, 2013.
In-Class Problem #4 Chapter 4 Name: The Rufus and Cleft Mining Company reported net income of $2,122,000 for its fiscal year ended December 31, 2013. In addition, during the year the company experienced a foreign currency translation adjustment loss of $90,000 and had unrealized gains on investment securities of $190,000. The company's effective tax rate on all items affecting comprehensive income is 40%. Required: Prepare a separate statement of comprehensive income for 2013
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