Pan Inc. has an investment in available-for-sale securities of $70000. This investment experienced an unrealized loss of $6000 during the current year. Assuming a 35% tax rate the effect of this loss on comprehensive income will be

A) no effect.
B) $70000 increase.
C) $24500 decrease.
D) $6000 decrease.

Comprehensive Income

The change in equity of a company during a period from transactions and other events, excluding any owner contributions and distributions.

Unrealized Loss

A financial loss that has occurred on paper due to the current market value being lower than the asset's purchase price, but has not yet been realized through sale.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary based on income levels, jurisdictions, or specific goods and services.