Fragrance International, a large perfume manufacturer, reported the following in its 2018 annual report to shareholders:

ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated other comprehensive income (loss) ("AOCI") included in the accompanying consolidated balance sheets consist of the following:

-Assuming a constant tax rate of 40%, what was the pre-tax accumulated unrealized holding gain or loss on available-for-sale securities at 7/1/2017?

Question

Fragrance International, a large perfume manufacturer, reported the following in its 2018 annual report to shareholders:

ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated other comprehensive income (loss) ("AOCI") included in the accompanying consolidated balance sheets consist of the following:

-Assuming a constant tax rate of 40%, what was the pre-tax accumulated unrealized holding gain or loss on available-for-sale securities at 7/1/2017?

Quizplus · Accepted Answer

The Answer of Fragrance International, a large perfume manufacturer, reported the following in its 2018 annual report to shareholders:

ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated other comprehensive income (loss) ("AOCI") included in the accompanying consolidated balance sheets consist of the following:

-Assuming a constant tax rate of 40%, what was the pre-tax accumulated unrealized holding gain or loss on available-for-sale securities at 7/1/2017?

Fragrance International, a Large Perfume Manufacturer, Reported the Following in Its