O'Reilly Beverage Company reported net income of $690,000 for 2021. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $30,000.
Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25%. (Amounts to be deducted should be indicated with a minus sign.)
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O'Reilly Beverage Company reported net income of $690,000 for 2021. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $30,000. Prepare a separate statement of comprehensive i
O'Reilly Beverage Company reported net income of $760,000 for 2021. In addition, the company deferred a $35,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $15,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25%. (Amounts to be deducted should be indicated with a minus sign.) O'REILLY BEVERAGE COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income (loss) Other comprehensive income (loss):...
O’Reilly Beverage Company reported net income of $740,000 for 2018. In addition, the company deferred a $50,000 pretax loss on derivatives and had pretax net unrealized holding gains on investment securities of $30,000. Prepare a separate statement of comprehensive income for 2018. The company’s income tax rate is 40%. (Amounts to be deducted should be indicated with a minus sign.)
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does O'Reilly Beverage Company reported net income of $680,000 for 2021. In addition, the company deferred a $50,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $25,000. Prepare a separate statement of comprehensive income for 2021. The company's income tax rate is 25% (Amounts to be deducted should be indicated with a minus sign.)...
Exercise 4-11 (Algo) Comprehensive income (L04-6] The Massoud Consulting Group reported net income of $1,386,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $400,000 and an unrealized loss on debt securities of $55,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income...
The Massoud Consulting Group reported net income of $1,388,000 for its fiscal year ended December 31, 2021. In addition during the year the company experienced a positive foreign currency translation adjustment of $410,000 and an unrealized loss on debt securities of $60,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted...
The Massoud Consulting Group reported net income of $1,364,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $290,000 and an unrealized loss on debt securities of $60,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted...
he Massoud Consulting Group reported net income of $1,392,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $430,000 and an unrealized loss on debt securities of $70,000. The company’s effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted...
The Massoud Consulting Group reported net income of $1,378,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $360,000 and an unrealized loss on debt securities of $95,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted...
The Massoud Consulting Group reported net income of $1,394,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $440,000 and an unrealized loss on debt securities of $75,000. The company's effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax. Required: Prepare a separate statement of comprehensive income for 2021. (Amount to be deducted...
Exercise 4-11 (Algo) Comprehensive income (L04-6] The Massoud Consulting Group reported net income of $1,366,000 for its fiscal year ended December 31, 2021. In addition during the year the company experienced a positive foreign currency translation adjustment of $300,000 and an unrealized loss on debt securities of $65,000. The company's effective tax rate on all items affecting comprehensive income is 25% Each component of other comprehensive income is displayed net of tax Required: Prepare a separate statement of comprehensive income...