assume no dividends are paid and that the company has a tax rate of 30 what is the a 603434
A company buys ten shares of securities at $2,000 each on December 31, 2004. The securities are classified as available for sale. The fair value of the securities increases to $2,500 on December 31, 2005, and to $2,750 on December 31, 2006. On December 31, 2006, the company sells the securities. Assume no dividends are paid and that the company has a tax rate of 30%. What is the amount of the reclassification adjustment for other comprehensive income on December 31, 2006?
- $ 7,500
- $ (7,500)
- $ 5,250
- $ (5,250)