Business, 26.03.2021 01:00 dreyes439

The Massoud Consulting Group reported net income of $1,382,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $380,000 and an unrealized loss on debt securities of $45,000. 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.

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The Massoud Consulting Group reported net income of $1,382,000 for its fiscal year ended December 31...

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