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Show Attempt History Current Attempt in Progress Your answer is partially correct. An inexperienced accountant...

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Accounting

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Show Attempt History Current Attempt in Progress Your answer is partially correct. An inexperienced accountant for Crane Corporation showed the following in the income statement: net income $370,000 and unrealized gain on available-for-sale securities (before taxes) $61,000. The unrealized gain on available-for-sale securities is subject to a 30% tax rate. Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945). unrealized gain on available-for-sale securities (before taxes) $61,000. The unrealized gain on available-for-sale securities is subject to a 30% tax rate. Prepare a correct statement of comprehensive income. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945)

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