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Kingbird, Inc. has an investment in trading securities of $163000. This investment experienced an unrealized loss of $9300 during the current year. Assuming a 35%
Kingbird, Inc. has an investment in trading securities of $163000. This investment experienced an unrealized loss of $9300 during the current year. Assuming a 35% tax rate, the amount of this loss that would reported as part of other comprehensive income would be:
$163000 loss.
$105950 loss.
$57050 loss.
None.
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