Monday 19 October 2020

O'Reilly Beverage Company reported net income of $650,000 for 2021. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $40,000.

O'Reilly Beverage Company reported net income of $650,000 for 2021. In addition, the company deferred a $60,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $40,000.
 
Prepare a separate statement of comprehensive income for 2021. The company’s income tax rate is 25%. (Amounts to be deducted should be indicated with a minus sign.)

 

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