Shamrock, Inc. has an investment in trading securities of $146000. This investment experienced an unrealized loss of $7600 during the current year. Assuming a 32% tax rate, the amount of this loss that would reported as part of other comprehensive income would be: $46720 loss. $146000 loss. $99280 loss. None.

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?