Consider the following two separate events for a company during the year:
1. Gain on sale of investments = $10.
2. Unrealized gain on investment from increase in fair value = $20.
The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?
A.) Net income = $10; Comprehensive income = $20.
B.) Net income = $10; Comprehensive income = $30.
C.) Net income = $30; Comprehensive income = $30.
D.) Net income = $30; Comprehensive income = $20.
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