What amount should report as comprehensive income

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Reference no: EM132964592

Problem - A financial statements had the following balances at December 31:

Extraordinary gain $11,000

Effective portion of cash flow hedge gain 61,000

Net Income 421,000

Realized loss on available for sale debt securities 42,000

Unrealized gain on available for sale debt securities 27,000

Required - What amount should report as comprehensive income for the year ended December 31?

A. $478,000

B. $467,000

C. $509,000

D. $520,000

Reference no: EM132964592

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