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QUESTION
An inexperienced accountant for Culver Corporation showed the following in the income statement:
An inexperienced accountant for Culver Corporation showed the following in the income statement: income before income taxes $395,000 and unrealized gain on available-for-sale securities (before taxes) $92,100. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 25% tax rate.
Prepare a correct statement of comprehensive income.
