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The Massoud Consulting Group reported net income of $1,376,000 for its fiscal year ended December 31,2024 . In addition, during the year the company experienced
The Massoud Consulting Group reported net income of $1,376,000 for its fiscal year ended December 31,2024 . In addition, during the year the company experienced a positive foreign currency translation adjustment of $350,000 and an unrealized loss on debt securities of $90,000. The company's effective tax rate on all 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 2024 . Note: Amounts to be deducted should be indicated with a minus sign
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