Question
O'Reilly Beverage Company reported net income of $720,000 for 2021. In addition, the company deferred a $90,000 pretax loss on derivatives and had pretax net
O'Reilly Beverage Company reported net income of $720,000 for 2021. In addition, the company deferred a $90,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $45,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25%. (Amounts to be deducted should be indicated with a minus sign.)
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Financial Accounting Cases
Authors: Camillo Lento, Jo-Anne Ryan
3rd Canadian Edition
1119594642, 978-1119594642
