chpt 4 sol - Chapter 4 Homework Solutions Exercise 4-1...

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Unformatted text preview: Chapter 4 Homework Solutions Exercise 4-1 Requirement 1 THE MASSOUD CONSULTING GROUP Statement of Income and Comprehensive Income (in part) For the Year Ended December 31, 2006 Net income .......................................................... $1,354,000 Other comprehensive income (loss): Foreign currency translation gain, net of tax ... $168,000 Unrealized losses on investment securities, net of tax ........................................................ (56,000 ) Total other comprehensive income ..................... 112,000 Comprehensive income ....................................... $1,466,000 Requirement 2 THE MASSOUD CONSULTING GROUP Statement of Comprehensive Income For the Year Ended December 31, 2006 Net income .......................................................... $1,354,000 Other comprehensive income (loss): Foreign currency translation gain, net of tax ... $168,000 Unrealized losses on investment securities net of tax ........................................................net of tax ....
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This note was uploaded on 07/08/2009 for the course ACCT 351 taught by Professor Staff during the Spring '08 term at George Mason.

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chpt 4 sol - Chapter 4 Homework Solutions Exercise 4-1...

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