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17. Bahwan Group reported net income totaling OMR 1,000,000 for the year 2018. The following is additional information obtained from Bahwan Group's financial reports: -
17. Bahwan Group reported net income totaling OMR 1,000,000 for the year 2018. The following is additional information obtained from Bahwan Group's financial reports: - The Company purchased 10,000 shares of Al-Madinah Properties for OMR 20 per share during the fourth quarter of 2018. The investment is accounted for as "trading" securities. The value of the shares is OMR 22 at the end of 2018. The Company purchased 100,000 shares of Salalah Specialists for OMR 10 per share during the fourth quarter of 2018. The investment is accounted for as "available for sale." The value of the shares is OMR 8 at the end of 2018. - The company has substantial prior service cost associated with its employee pension plan. As a result, the company had to record an additional minimum pension liability during the year totaling OMR 25,000. -The company began operations in the Baltic region of Europe during the year and reports a foreign currency translation gain at the end of 2018 totaling OMR 60,000. -The actual return on assets in its pension fund total OMR 150,000. The expected return was OMR 110,000. -The company reported unrealized holding losses on derivative instruments totaling OMR 10,000. Required: a. Compute comprehensive income for Bahwan's Group.? b. For each item in comprehensive income, discuss balance sheet accounts affected by the item
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