Page 1 of 1
O'Reilly Beverage Company reported net income of $770,000 for 2021. In addition, the company deferred a $45,000 pretax l
Posted: Sun Jun 05, 2022 10:38 am
by answerhappygod
- O Reilly Beverage Company Reported Net Income Of 770 000 For 2021 In Addition The Company Deferred A 45 000 Pretax L 1 (26.88 KiB) Viewed 28 times
O'Reilly Beverage
Company reported net income of $770,000 for 2021. In addition, the
company deferred a $45,000 pretax loss on derivatives and had pretax net unrealized gains on debt securities of $20,000. 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.) O'REILLY BEVERAGE
COMPANY Statement of Comprehensive Income For the Year Ended December 31, 2021 Net income (loss) Other comprehensive income (loss): Loss on derivatives Gain on debt securities Total other comprehensive income (loss) Comprehensive income (loss)