An inexperienced accountant for Silva Corporation showed the following in the income statement: income before income taxes $410,000 and unrealized gain on available-for-sale securities (before taxes) $67,000. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 26% tax rate. ATTACHMENT PREVIEW Download attachment Screen Shot 2015-12-01 at 10.46.37 PM.png
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An inexperienced accountant for Silva Corporation showed the following in the income statement:
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