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On January 1 , 2 0 1 5 , Zhang Inc. had cash and share capital of 1 0 , 0 0 0 , 0

On January 1,2015, Zhang Inc. had cash and share capital of 10,000,000. At that date, the company had no other asset, liability, or equity balances. On January 5,2015, it purchased for cash 6,000,000 of equity securities that it classified as non-trading. It received cash dividends of 800,000 during the year on these securities. In addition, it has an unrealized loss on these securities of 600,000. The tax rate is 20%. Compute the amount of net income/(loss) and comprehensive income respectively. a.800,000 and 200,000 b.640,000 and 160,000 c.(200,000) and 640,000 d.160,000 and 600,000

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