net income
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Free InquiryDuring the current year, Cooley Co. had an unrealized gain of $100,000 on a debt investment classified as available-for-sale. Cooley’s corporate tax rate is 25%. What amount of the gain should be included in Cooley’s net income and other comprehensive income at the end of the current year?
Net income Other comprehensive income
A.$100,000 $0
B.$75,000 $25,000
C.$25,000 $75,000
D.$0 $75,000
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