Business, 04.10.2020 05:01, mayfieldashley2437

An inexperienced accountant for Blue Spruce Corp. showed the following in the income statement: income before income taxes $436,000 and unrealized gain on available-for-sale securities (before taxes) $85,500. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 32% tax rate. Prepare a correct statement of comprehensive income.

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An inexperienced accountant for Blue Spruce Corp. showed the following in the income statement: inco...