Price Co. reported net income of $12,000 for the current year. It had unrealized losses on available-for-sale securities of $1,200 after tax, and a foreign currency translation loss of $500 after tax. What is the comprehensive income for the current year?
A) $12,500
B) $11,300
C) $10,300
D) $11,500
Answer: C
Explanation: C)
Net income 12,000
Unrealized loss on available-for-sale securities (1,200)
Foreign currency translation adjustment (equity decrease) (500)
Comprehensive income 10,300
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