Question
ACT5741-please help with explanations The following information is available for J & Js investment in equity securities for 2015: Net income (including appropriate investment income)
ACT5741-please help with explanations
The following information is available for J & Js investment in equity securities for 2015:
Net income (including appropriate investment income) | $800,000 |
Unrealized holding gainequity, January 1, 2015 | 50,000 |
Unrealized gain on available-for-sale securities during 2015 | 20,000 |
Reclassification adjustment for realized gain on the sale of available-for-sale securities | 8,000 |
Unrealized holding lossincome | 10,000 |
|
|
What is the accumulated other comprehensive income at December 31, 2015?
a)$70,000 | ||
b)$50,000 | ||
c)$30,000 | ||
d)None of the above |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started