Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 12

Comprehensive Income
Minor, Inc., had revenue of $572,000 and expenses (other than income taxes) of $282,000 for the ' 'current year.he company is subject to a 35 percent income tax rate.n addition, available-for-sale investments, which were purchased for $17,500 early in the year, had a market value at the end of the year of $19,200.
a.etermine the amount of Minor's net income for the year.
b.etermine the amount of Minor's comprehensive income for the year.
c.ow would your answers to parts a and b differ if the market value of Minor's investments at the end of the year had been $14,200