Question: Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does O'Reilly Beverage Company reported
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does O'Reilly Beverage Company reported net income of $680,000 for 2021. In addition, the company deferred a $50,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $25,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25% (Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. ORELLY BEVERAGE COMPANY Statement of Comprehensive income For the Year Ended December 31, 2021 Net income foss) 080.000 Other comprehensive income foss) Loss on derivatives (37.500) Gainon debt securities 0.250 x Total other comprehensive income foss) 31.250) Comprehensive income foss) 343 750 $
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