Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is from the 2018 annual report of Kaufman Chemicals, lnc 2.5 polnts eBook Hint print $15,851 $15,268 References Statements of Comprehensive Income

image text in transcribed

image text in transcribed

The following is from the 2018 annual report of Kaufman Chemicals, lnc 2.5 polnts eBook Hint print $15,851 $15,268 References Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income: Change in net unrealized gains on investments, $18, ($16), and $16 in 2018, 2017, and 2016, Other Total comprehensive income net of tax of respectively 2018 $856 $883 2017 $686 (24) $66a 2a16 $541 $569 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows ($ in millions) Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive TotGL shareholders' equity Required: 2018 33a 8,171 7,251 2017 33a 8,171 6,695 Income 4. From the information provided, determine how Kaufman calculated the $99 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) : Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in 'other" Accumulated other comprehensive income, 2018

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Decision Making and Performance Management

Authors: Ray Proctor

4th edition

273764489, 978-0273764489

More Books

Students also viewed these Accounting questions

Question

=+How sensitive is Pats decision?

Answered: 1 week ago