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S company has an investment in trading securities of $146000. The fair value of the investment declined during the current year resulting in an unrealized
S company has an investment in trading securities of $146000. The fair value of the investment declined during the current year resulting in an unrealized loss of $7300. Assuming a 35% tax rate, the effect of this loss on other comprehensive income will be O $94900 decrease. O $51100 decrease. O no effect. O $146000 increase
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
