Atlantic Beverage Company reported net income of $650,000 for 2024. In addition, the company deferred a $60,000
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Atlantic Beverage Company reported net income of $650,000 for 2024. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $40,000. Prepare a separate statement of comprehensive income for 2024. The company’s income tax rate is 25%.
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