During 2006, the other revenues and gains section of Totman Companys Statement of Earnings and Comprehensive Income contains $5,000 in interest revenue, $15,000 equity in Harpo Co. earnings, and $25,000 gain on sale of available-for-sale securities. Assuming the sale of the securities increased the current portion of income tax expense by $10,000, determine the amount of Totmans reclassification adjustment to other comprehensive income.

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Answer calculate Totman Companys reclassification adjustment to other comprehensive income based on ... View the full answer