Make the transaction for silva corporation

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An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $450,000 and unrealized gain on available-for-sale securities (before taxes) $70,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 25% tax rate.

Problem 1: Make the transaction for Silva Corporation

Reference no: EM132637476

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