Bandana Company Had the Following Balances for Net Income and Pretax

question 55

Multiple Choice

Bandana Company had the following balances for net income and pretax gains and losses on December 31: $$\begin{array} { l r } \text { Net income } & \$ 39,000 \\\text { Loss on discontinued operations } & ( 11,000 ) \\\text { Unrealized gain on trading security } & 20,000 \\\text { Foreign currency translation gain } & 15,000\end{array}$$ The company's effective tax rate is 40%. What amount should Bandana Company report as comprehensive income for the year ended December 31?

• A) $32,400
• B) $48,000
• C) $44,400
• D) $53,400

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