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Debt Security Investments Assignment

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February 18th, 2020

A company failed to record unrealized gains of $35 million on its available for sale debt security investments. Its tax rate is 35% As a result of this error, comprehensive income would be (Round million answer to 2 decimal places.): Multiple Choice Unaffected Understated by $12.25 million. Understated by $22.75 million Understated by $35.00 million. .

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