Sprouts Farmers Market, Inc. (SFM) is a supermarket chain that offers a wide selection of fresh, natural,
Question:
Sprouts Farmers Market, Inc. (SFM) is a supermarket chain that offers a wide selection of fresh, natural, and organic foods. At the beginning of Year 1, the company reported no accumulated other comprehensive income. The company recently reported the following information:
Determine the amount reported on the balance sheet as accumulated other comprehensive income (loss) at the end of Year 3.
Transcribed Image Text:
Sprouts Farmers Market, Inc. Consolidated Statements of Comprehensive Income (in thousands) Year 3 Year 2 Year 1 Net income $149,629 $158,536 $158,440 Other comprehensive income (loss) (5,816) 1,918 (784) Comprehensive income $143,813 $160,454 $157,656
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