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Business, 14.06.2021 16:10 vanessa791
A company failed to record unrealized gains of $24 million on its available for sale debt security investments. Its tax rate is 25%. As a result of this error, comprehensive income would be:
a) Understated by $20.80 million
b) Overstated by $11.20million
c) Understated by $32.00 million
d) Unaffected
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A company failed to record unrealized gains of $24 million on its available for sale debt security i...
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