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Business, 02.03.2020 19:21 Isaiahtate053

Consider the following two separate events for a company during the year:

1. Gain on sale of investments = $10.
2. Unrealized gain on investment from increase in fair value = $20.

The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?

A.) Net income = $10; Comprehensive income = $20.

B.) Net income = $10; Comprehensive income = $30.

C.) Net income = $30; Comprehensive income = $30.

D.) Net income = $30; Comprehensive income = $20.

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Consider the following two separate events for a company during the year:

1. Gain on sal...
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