Question
Kingbird, Inc.has an investment in trading securities of $152000. This investment experienced an unrealized loss of $8200during the current year. Assuming a33% tax rate, the
Kingbird, Inc.has an investment in trading securities of $152000. This investment experienced an unrealized loss of $8200during the current year. Assuming a33% tax rate, the amount of this loss that would reported as part of other comprehensive income would be:
$152000loss.
$50160loss.
None.
$101840loss.
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Comparative International Accounting
Authors: Christopher Nobes, Robert Parker
13th edition
1292081902, 1292081908, 9781292081960 , 1292081961, 978-1292081908
