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Business, 02.12.2019 22:00 samtuck33

Matrix, inc., reported a net gain of $69,000 on its foreign assets due to the weakening of the u. s. dollar in 2013. in the same year, the company disclosed unrealized gains of $1,598,000 on its available-for-sale securities and a $188,000 unrealized gain on its trading securities. the company also reported a $927,000 loss on the sale of some equipment. which of the following best describes the impact of these transactions on matrix, inc.’s accounts?
a. $1,855,000 increase to net income. b. $1,667,000 increase to accumulated other comprehensive income. c. $1,667,000 increase to net income. d. $257,000 increase to accumulated other comprehensive income. e. none of the above

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Matrix, inc., reported a net gain of $69,000 on its foreign assets due to the weakening of the u. s....
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