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Question
gregg inc. has an investment in trading securities of $100,000. this investment experienced an unrealized loss of $6,000 during the current year. assuming a 35% tax rate, the effect of this loss on comprehensive income will be
a.no effect
b.$100,000 increase
c.$35,000 decrease
d.$67,000 decrease
Answer
This answer is hidden. It contains 1 characters.
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