Unformatted text preview: by $50,000. Therefore, the beginning balance of Retained earnings must be readjusted by decreasing retained earnings for the sum of $50,000. • List the Loss due to foreign currency translation of $200,000 under Other comprehensive income section less income taxes benefit; also list unrealized Gains on investment securities of $180,000 less income tax expense. • Income tax rate for all items affecting comprehensive income is computed at 40%....
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This note was uploaded on 02/12/2012 for the course ECONOMICS 101 taught by Professor Obiene during the Spring '11 term at Essex County College.
- Spring '11