Bandana Company had the following balances for net income and pretax gains and losses on December 31: The company's effective tax rate is 40%.What amount should Bandana Company report as comprehensive income for the year ended December 31?
A)$27,600
B)$44,400
C)$50,000
D)$53,600

Question

Bandana Company had the following balances for net income and pretax gains and losses on December 31:  The company's effective tax rate is 40%.What amount should Bandana Company report as comprehensive income for the year ended December 31?
A)$27,600 
B)$44,400 
C)$50,000 
D)$53,600

Quizplus · Accepted Answer

The Answer of Bandana Company had the following balances for net income and pretax gains and losses on December 31:  The company's effective tax rate is 40%.What amount should Bandana Company report as comprehensive income for the year ended December 31?
A)$27,600 
B)$44,400 
C)$50,000 
D)$53,600

Bandana Company Had the Following Balances for Net Income and Pretax