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Bandana Company Had the Following Balances for Net Income and Pretax

Question 63

Multiple Choice

Bandana Company had the following balances for net income and pretax gains and losses on December 31: Bandana Company had the following balances for net income and pretax gains and losses on December 31: The company's effective tax rate is 40%.What amount should Bandana Company report as comprehensive income for the year ended December 31? A) $27,600 B) $44,400 C) $50,000 D) $53,600 The company's effective tax rate is 40%.What amount should Bandana Company report as comprehensive income for the year ended December 31?


A) $27,600
B) $44,400
C) $50,000
D) $53,600

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