Multiple Choice
Reardon Inc. has an investment in trading securities of $140,000. This investment experienced an unrealized loss of $7,000 during the current year. Assuming a 35% tax rate, the effect of this loss on comprehensive income will be
A) no effect.
B) $140,000 increase.
C) $49,000 decrease.
D) $91,000 decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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