Business
Business, 13.12.2019 23:31, Leffew

On january 1, 2014. tri-state industries had cash and common stock of $180,000. at that date the company had no other asset, liability or equity balances. on january 2, 2014, it purchased $160,000 of equity securities for cash that it classified as available-for-sale. it received cash dividends of $9,000 during the year on these securities. in addition, it had an unrealized holding gain on these securities of $4,000 net of tax. based on this information, what is the amount of comprehensive income in 2014?

a. $33,000
b. $4,000
c. $9,000
d. $13,000

answer
Answers: 3

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On january 1, 2014. tri-state industries had cash and common stock of $180,000. at that date the com...

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