Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized gain on investment from increase in fair value = $20. The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events affect net income and comprehensive income, ignoring tax effects?
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Home » Business » Consider the following two separate events for a company during the year: 1. Loss on sale of investments = $30. 2. Unrealized gain on investment from increase in fair value = $20.