FINANCIAL ACCOUNTING: TOOLS WP ACCESS
FINANCIAL ACCOUNTING: TOOLS WP ACCESS
8th Edition
ISBN: 9781119230069
Author: Kimmel
Publisher: WILEY
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Chapter 13, Problem 13.2BE
To determine

Statement of Comprehensive Income: A company prepares comprehensive Income Statement to show the net income and other comprehensive income incurred in particular period.

Comprehensive income includes the following:

  • Unrealized holding gain or loss from available for sale securities
  • Foreign currency translation gains or losses.

To prepare: A correct statement of comprehensive income.

Given info: Income before income tax, unrealized gain available – for-sale securities (before taxes), and tax rate.

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