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O'Reilly Beverage Company reported net income of $750,000 for 2018. In addition, the company deferred a $25,000 pretax loss on derivatives and had pretax net
O'Reilly Beverage Company reported net income of $750,000 for 2018. In addition, the company deferred a $25,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $10,000. 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.) X Answer is complete but not entirely correct. $ 750,000 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) (15,000) 4,000 X (6,000) X 744,000 X $
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