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Prepare a correct statement of comprehensive income

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Question - An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $380,000, and unrealized gain on available-for-sale securities (before taxes) $68,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 39% tax rate. Prepare a correct statement of Comprehensive income.

Reference no: EM133080350

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