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:

-What was the after-tax realized gain or loss on the sale of available-for-sale securities in 2018? Assume a 40% tax rate.

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:

-What was the after-tax realized gain or loss on the sale of available-for-sale securities in 2018? Assume a 40% tax rate.

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:

-What was the after-tax realized gain or loss on the sale of available-for-sale securities in 2018? Assume a 40% tax rate.

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