Question

Use the following information to compute net income and comprehensive income. For simplicity, ignore income taxes.
Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . $11,000
Unrealized loss on available-for-sale securities . . . . . . . . . . . . . . . . (2,100)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700
Extraordinary loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,000)
Foreign currency translation adjustment (equity increase) . . . . . . . . 1,250



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  • CreatedApril 07, 2012
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