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The Massoud Consulting Group reported net income of $ 1 , 3 8 8 , 0 0 0 for its fiscal year ended December 3
The Massoud Consulting Group reported net income of $ for its fiscal year ended December In addition, during the year the company experienced a positive foreign currency translation adjustment of $ and an unrealized loss on debt securities of $ The company's effective tax rate on all items affecting comprehensive income is Each component of other comprehensive income is displayed net of tax.
Required:
Prepare a separate statement of comprehensive income for
Note: Amounts to be deducted should be indicated with a minus sign.
Answer is complete but not entirely correct.
tableTHE MASSOUD CONSULTING GROUPStatement of Comprehensive IncomeFor the Year Ended December Net income,,,,$
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