Question
Consider the following current asset balances for LB Inc: 2019 2020 Cash $ 120,000 $ 127,200 Accounts Receivable $ 62,400 $ 60,000 Marketable Securities $
Consider the following current asset balances for LB Inc:
| 2019 | 2020 | |
| Cash | $ 120,000 | $ 127,200 |
| Accounts Receivable | $ 62,400 | $ 60,000 |
| Marketable Securities | $ 44,000 | $ 47,200 |
| Inventory | $ 38,400 | $ 40,800 |
| Total Current Assets | $ 264,800 | $ 275,200 |
Based only on this information, what is the change in the Accumulated Other Comprehensive Income account from 2019 to 2020?
Group of answer choices
A ($3,200)
B $7,200
C $10,400
D $ 3,200
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
