Loss on comprehensive income

Reference no: EM13134203

Hardy Inc. has an investment in available for sale securities of $50,000. This investment experienced an unrealized loss of $3,000 during the current year. Assuming a 35% tax rate, the effect of this loss on comprehensive income will be:

a. no effect

b. $50,000

c. $17,500

d. $3,000

Reference no: EM13134203

Questions Cloud

Find the probability that the student is married : What is the probability that the student is married, given the student was female? Your answer should be a decimal fraction accurate to 3 decimal places.

Develop information gathering : In calculating the allowance for doubtful debts last year (year ended 30 June 2013) the accounts clerk who did the calculation made a big error is his excel spreadsheet and understated the amount significantly.

Balance point of a triangle : Need to prove that the centroid is the balance point of a triangle using only GEOMETRY with no vector addition allowed and I can't use the "equal areas" argument as far as the 6 triangles that are made with the medians.

How the deferred taxes will appear on the balance sheet : Buffy, Inc. qualifies to use the installment-sales method for tax purposes and sold an investment on an installment basis. The total gain of $90,000 was reported for financial reporting purposes in the period of sale.

Loss on comprehensive income : Hardy Inc. has an investment in available for sale securities of $50,000. This investment experienced an unrealized loss of $3,000 during the current year. Assuming a 35% tax rate, the effect of this loss on comprehensive income will be:

Constructing a golden triangle : Given a line segment of length 1 inch, how do I construct a line segment of squareroot(6), squareroot(7), squareroot(8), etc. Also, given a wire of total length 4236 feet, how do I construct a golden triangle from the wire?

What variables that affect blood pressure : What variables that affect blood pressure might confuse the comparison of average blood pressures for users and nonusers?

Prepare the current liability section of the company : Server Planet operates a web hosting company. Examine the following items and prepare the current liability section of the company's December 31, 20X7, statement of financial position.

Triangles-arcs and line segments : Draw a scalene triangle and label the vertices ,A,B and C. Place the compass at point B and draw an arc that intersect line segment AC in two points. Label the points of intersection D and E.

User Account

All Pages