10 Nov (Learning Objective 5: Prepare a statement of comp
(Learning Objective 5: Prepare a statement of comprehensive income) During the year ended December 31, 2014, Longman International Corporation earned $6,500,000 in net income after taxes. The company reported $100,000 of net unrealized losses on available-for-sale securities, net of taxes and $150,000 in foreign currency translation losses from consolidation of its Brazilian subsidiary company, net of taxes.
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