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O'Reilly Beverage Company reported net income of $730,000 for 2018. In addition, the company deferred a $40,000 pretax loss on derivatives and had pretax net
O'Reilly Beverage Company reported net income of $730,000 for 2018. In addition, the company deferred a $40,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $20,000 Prepare a separate statement of comprehensive income for 2018, The company's income tax rate is 40%. (Amounts to be deducted should be indicated with a minus sign.) O'REILLY BEVERAGE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2018 Net income (loss) Other comprehensive income (loss) Deferred gain (loss) on derivatives, net of tax Unrealized gains (losses) on investment securities, net of tax Total other comprehensive income (loss) Comprehensive income (loss)
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