Question: Show Attempt History Current Attempt in Progress Your answer is partially correct. An inexperienced accountant for Martinez Corp. showed the following in the income
Show Attempt History Current Attempt in Progress Your answer is partially correct. An inexperienced accountant for Martinez Corp. showed the following in the income statement: net income $215,970 and unrealized gain on available-for-sale securities (before taxes) $93,000. The unrealized gain on available-for-sale securities is subject to a 31% tax rate. Prepare a correct statement of comprehensive income. MARTINEZ CORP. Partial Statement of Comprehensive Income Income Before Income Taxes Income Tax Expense Other Comprehensive Income 215970 46196 Unrealized Holding Gain on Available-for-Sale Securities 169166
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