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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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
