Hardy Inc. has an investment in available-for-sale securities of $80,000. This investment experienced an unrealized loss of $5,000 during the current year. Assuming a 35% tax rate, the effect of this loss on comprehensive income will be

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The unrealized loss of $5,000 on available-for-sale securities decreases comprehensive income by the full amount of the loss, as it is reported in other comprehensive income, not net of tax.

Hardy Inc Has an Investment in Available-For-Sale Securities of $80,000