Question
Corporation reported net income of $180,000 for the current year. It had unrealized gains on available-for-sale debt investment securities of $9,000 after tax and a
Corporation reported net income of $180,000 for the current year. It had unrealized gains on available-for-sale debt investment securities of $9,000 after tax and a foreign currency translation loss of $12,000 after tax. The beginning balance of its accumulated other comprehensive income was a credit of $300.
Requirement a. What is other comprehensive income for the current year?
Other comprehensive income for the current year is a |
| of $ |
| . |
Requirement b. What is comprehensive income for the current year?
The comprehensive income for the current year is $ |
| . |
Requirement c. What is the ending balance of accumulated other comprehensive income?
The ending balance of accumulated other comprehensive income is a |
| of $ |
| . |
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