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Find the amount of the loss that would reported

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Question 1: Metlock, Inc. has an investment in trading securities of $144000. This investment experienced an unrealized loss of $7400 during the current year. Assuming a 35% tax rate, the amount of this loss that would reported as part of other comprehensive income would be:

Option 1: $144000 loss.

Option 2: $50400 loss.

Option 3: None.

Option 4: $93600 loss.

Reference no: EM132614293

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