Business, 06.03.2020 23:29 Lindy5657

A company failed to record unrealized gains of $21 million on its trading security investments. Its tax rate is 40%. As a result of this error, total shareholders' equity would be:.
a) Understated by $12.60 million
b) Understated by $21.00 million
c) Understated by $8.40 million
d) Unaffected

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A company failed to record unrealized gains of $21 million on its trading security investments. Its...

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