Use the Amazing Way data in Short Exercise S11-3. In addition, Amazing Way had unrealized gains of

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Use the Amazing Way data in Short Exercise S11-3. In addition, Amazing Way had unrealized gains of $1,100 on investments and a $2,400 foreign-currency translation adjustment (again) during 2012. Both amounts are net of tax. Start with Amazing Way’s net income from S11-3 and show how the company could report other comprehensive income on its 2012 financial statements.
Should Amazing Way report earnings per share for other comprehensive income? State why or why not.

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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