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The A. Jones Consulting Group reported net income of $1,275,000 for its fiscal year ended December 31, 2018. In addition, during the year, the company
The A. Jones Consulting Group reported net income of $1,275,000 for its fiscal year ended December 31, 2018. In addition, during the year, the company experienced a before-tax positive foreign currency translation adjustment of $275,000 and had before-tax unrealized losses on investment securities of $55,000. The companys effective tax rate on all items affecting comprehensive income is 35%. How much is A. Joness total Comprehensive Income?
A. $1,489,500 B. $1,352,000 C. $1,495,000 D. $1,418,000 E. None of the above.
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