Problemoreilly beverage company reported net income of, Ask an Expert

Accounting

Problem:

O'Reilly Beverage Company reported net income of $820,000 for 2013. In addition, the company deferred a $95,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $45,000.

Required:

Question: Prepare a separate statement of comprehensive income for 2013. The company's income tax rate is 30%.

Note: Provide support for rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171725

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