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26 June, 12:48

Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during the current year. Assuming a 35% tax rate, the effect of this loss on comprehensive income will be

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  1. 26 June, 14:44
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    Total loss = $4,745

    Explanation:

    Giving the following information:

    Coronado Inc. has an investment in trading securities of $150000. This investment experienced an unrealized loss of $7300 during the current year. Assuming a 35% tax rate.

    Loss = 7,300

    Tax savings = (7,300*0.35) = (2,555)

    Total loss = $4,745
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