Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31: The company's effective tax rate is 40%.What amount should Gerogi Company report as comprehensive income for the year ended December 31?
A)$426,000
B)$495,600
C)$606,400
D)$643,200

Question

Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31:  The company's effective tax rate is 40%.What amount should Gerogi Company report as comprehensive income for the year ended December 31?
A)$426,000 
B)$495,600 
C)$606,400 
D)$643,200

Quizplus · Accepted Answer

The Answer of Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31:  The company's effective tax rate is 40%.What amount should Gerogi Company report as comprehensive income for the year ended December 31?
A)$426,000 
B)$495,600 
C)$606,400 
D)$643,200

Gerogi Company Had the Following Balances for Income from Continuing