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The Massoud Consulting Group reported net income of $1354,000 for its fiscal year ended December 31, 2021 In addition during the year the company expenenced
The Massoud Consulting Group reported net income of $1354,000 for its fiscal year ended December 31, 2021 In addition during the year the company expenenced a positive foreign currency translation adjustment of $240.000 and an unrealized loss on debt securities of $80.000 The company's effective tax rate on items affecting comprehensive income is 25 Each component of other comprehensive income is displayed net of tax Required Prepare a separate statement of comprehensive income for 2021 (Amounts to be deducted should be indicated with a minus sign) THE MASSOUD CONSULTING GROUP Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income Other comprehensive income net of tax Foreign currency t o ad Loron de securtes Total other comprehensive in Comprehensive income
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