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Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in
Beresford Inc. purchased several investments in debt securities during 2020, its first year of operations. The following information pertains to these securities. The fluctuations in their fair values are not considered permanent DEF Co. Bonds Held-to-Maturity Securities: ABC Co. Bonds Trading Securities: Fair Value 12/31/2020 $391,000 Fair Value 12/31/2020 $ 61,000 Fair Value 12/31/2021 $416,000 Amortized Cost 12/31/2020 $383,500 Cost $ 78,600 Fair Value 12/31/2021 $ 72,000 GEH Inc. Bonds $ 63,000 $ 93,000 IJK Inc. Bonds $ 60,000 $ 54,500 $ 55,000 $ 48,900 Available-for-Sale Securities: LMN Co. Bonds Fair Value 12/31/2020 $157,400 Fair Value 12/31/2021 $169,100 Cost $156,000 Amortized Cost 12/31/2021 $376,000 What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2021 balance sheet (ignore taxes)? Help Save & Exit What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2021 balance sheet (ignore taxes)? Multiple Choice $585,100 $21,100. $13.100 None of these answer choices are correct
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