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Question: The Massoud Consulting Group reported net income of $1,380,000 for its fiscal year ended December 31, 2016. In addition, during the year the company experienced a foreign currency translation adjustment gain of $370,000 and had unrealized losses on investment securities of $40,000. The company's effective tax rate on all items affecting comprehensive income is 30%. Each component of other comprehensive income is displayed net of tax.
Prepare a separate statement of comprehensive income for 2016. (Amount to be deducted should be indicated with a minus sign.)
a bond that matures in two years makes semiannual interest payments. the par value is 2000 the coupon rate equals 4 and
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Uncollectible accounts receivable in the amount of $22,000 were written off against the Allowance for Doubtful Accounts.
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