Question: Use the RAR data in Short Exercise 13-8. In addition, RAR had unrealized gains of $4,500 on investments during 2012. Requirements 1. Start with RARs

Use the RAR data in Short Exercise 13-8. In addition, RAR had unrealized gains of $4,500 on investments during 2012.

Requirements

1. Start with RAR’s net income from Short Exercise 13-8 and show how the company could report other comprehensive income on its 2012 income statement.

2. Should RAR report earnings per share for other comprehensive income?

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