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Determining the Balance in Accumulated OCI Fastco Corp. reports net income of $12,000, and other comprehensive income of $3,000 (net of tax) for the year
Determining the Balance in Accumulated OCI Fastco Corp. reports net income of $12,000, and other comprehensive income of $3,000 (net of tax) for the year ended December 31, 2020. The December 31, 2019, balance in accumulated other comprehensive income is $10,800 (credit balance) and the balance in retained earnings is $60,000 (credit balance). What is the ending balance in accumulated other comprehensive income on December 31, 2020? Note: Do not use a negative sign with your answer. Accumulated other comprehensive income, December 31, 2020 $
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