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The following information relates to California Coffee Beans for 2007: net income $724.210 million; unrealized holding loss of $30.819 million related to available-for-sale securities during the year; accumulated other comprehensive income of $42.980 on October 1, 2006.
a) other comprehensive income for 2007
b) comprehensive income for 2007
c) accumulated other comprehensive income at September 30, 2007
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Assume that the client company, which handled some government contracts, had no internal auditors for a federal agency spent three weeks auditing the records and were just completing their work at this time.
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