Exercise 12.13(Algo) Comprehensive Income (LO12-7) Minor, Inc., had revenue of $636,000 and expenses...
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Exercise Algo Comprehensive Income LO Minor, Inc., had revenue of $ and expenses other than income taxes of $ for the current year. The company is subject to a percent income tax rate. In addition, Minor had a gain from foreign currency translation of $ before income taxes during the year. a Determine the amount of Minor's net income for the year. b Determine the total amount of Minors comprehensive income for the year. c How would your answers to parts a and b differ if the foreign currency translation had been a loss of $ before income taxes? 
Exercise Algo Comprehensive Income LO
Minor, Inc., had revenue of $ and expenses other than income taxes of $ for the current year. The company is subject to a percent income tax rate. In addition, Minor had a gain from foreign currency translation of $ before income taxes during the year.
a Determine the amount of Minor's net income for the year.
b Determine the total amount of Minors comprehensive income for the year.
c How would your answers to parts a and b differ if the foreign currency translation had been a loss of $ before income taxes?
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