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On January 1, 2025, GINTY had cash and common stock of $62,150. At that date, the company had no other asset, liability, or stockholders'
On January 1, 2025, GINTY had cash and common stock of $62,150. At that date, the company had no other asset, liability, or stockholders' equity balances. On January 2, 2025, it purchased for cash $23,270 of debt securities that it classified as available-for-sale. It received interest of $4,430 during the year on these securities. In addition, it has an unrealized holding gain on these securities of $5,000 net of tax. Determine the following amounts for 2025: (a) net income, (b) comprehensive income, (c) other comprehensive income, and (d) accumulated other comprehensive income (end of 2025). (a) Net income (b) Comprehensive income (c) Other comprehensive income A (d) Accumulated other comprehensive income A +A
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