Question
Could you please help me understand the following question: Schaeffer Corporation reports $87 million accumulated other comprehensive income in its balance sheet as a component
Could you please help me understand the following question:
Schaeffer Corporation reports $87 million accumulated other comprehensive income in its balance sheet as a component of shareholders' equity. In a related statement reporting comprehensive income for the year, the company reveals net income of $590 million and other comprehensive income of $34 million.
What was the balance in accumulated other comprehensive income in last year's balance sheet?(Enter your answer in millions (i.e., 10,000,000 should be entered as 10).)
Balance: millions
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