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On January 1,2025, A1 Industries had cash and common stock of $180000. At that date, the company had no other asset, liability or equity balances.
On January 1,2025, A1 Industries had cash and common stock of $180000. At that date, the company had no other asset, liability or equity balances. On January 2, 2025, it purchased $160000 of equity securities for cash that it classified as available-for-sale. It received cash dividends of $12000 during the year on these securities. In addition, it had an unrealized holding gain on these securities of $32000 net of tax. If the company had operating income of $100000 and a 20% tax rate, what is the amount of comprehensive income in 2025 ? $115200$144000$121600$89600
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