Affymetrix, Inc., reported a net gain of $79,000 on its foreign assets due to the weakening of the U.S. dollar in 2011. In the same year, the company disclosed unrealized gains of $2,271,000 on its available-for-sale securities and a $211,000 unrealized gain on its trading securities. The company also reported a $1,710,000 loss on the sale of some equipment.

Which of the following best describes the impact of these transactions on Affymetrix, Inc.s accounts?

A) $ 851,000 increase to net income.

B) $2,350,000 increase to accumulated other comprehensive income.

C) $2,350,000 increase to net income.

D) $2,561,000 increase to accumulated other comprehensive income.

E) None of the above

Answer: B

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