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  3. a company failed to record unrealized gains of $26

A company failed to record unrealized gains of $26 million on its debt investments classified...

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Accounting

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A company failed to record unrealized gains of $26 million on its debt investments classified as trading securities. Its tax rate is 40%. As a result of this error, total shareholders' equity would be (Round million answer to 2 decimal places.): A company failed to record unrealized gains of $23 million on its available for sale debt security investments. Its tax rate is 30%. As a result of this error, comprehensive income would be (Round million answer to 2 decimal places.): Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $58 million as of December 31, 2018. Crote has a tax rate of 30%. Crote's retained earnings as of December 31, 2018, would be (Round million answer to 2 decimal places.)

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