Question: Crasher Company had net income in the current year of
Crasher Company had net income in the current year of $500,000. In addition, the company had an unrealized gain on its portfolio of available-for-sale investments of $20,000, net of related income taxes. Assuming the company uses the two-income statement approach for presenting elements of other comprehensive income to its investors and creditors, prepare the statement of comprehensive income for the current year.
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