Question
O'Reilly Beverage Company reported net income of $820,000 for 2021. In addition, the company deferred a $95,000 pretax loss on derivatives and had pretax net
O'Reilly Beverage Company reported net income of $820,000 for 2021. In addition, the company deferred a $95,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $45,000.
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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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
