An inexperienced accountant for silva corporation showed


Question: 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. Prepare a correct statement of comprehensive income.

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Accounting Basics: An inexperienced accountant for silva corporation showed
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