Hook 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
A) no effect.
B) $80,000 increase.
C) $28,000 decrease.
D) $5,000 decrease.
Correct Answer:
Verified
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