Gerogi Company Had the Following Balances for Income from Continuing

question 41

Multiple Choice

Gerogi Company had the following balances for income from continuing operations and pretax gains and losses on December 31: $\begin{array}{lr}\text { Income from continuing operations } & \$ 540,000 \\\text { Unrealized loss on trading security } & (92,000) \\\text { Unrealized gain on available-for-sale } & \\\quad \text { debt security } & 30,000 \\\text { Unrealized loss on pension adjustment } & (110,000) \\\text { Gain on disposal of discontinued operations } & 240,000\end{array}$ The company's effective tax rate is 40%. What amount should Gerogi Company report as comprehensive income for the year ended December 31?

• A) $580,800
• B) $684,000
• C) $492,000
• D) $636,000

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Definitions:

Independent Variable

A factor in a study or simulation that is deliberately altered to see its impact on a variable that depends on it.

Total Sum Of Squares

A measure in statistics that quantifies the total variation of a dataset.

Dependent Variable

The variable in an experiment that is expected to change in response to changes in the independent variable.

Independent Variable

A variable in an experiment or model that is manipulated or categorized to observe its effect on the dependent variable(s).