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For the year ended December 31, 2014, a company. reported the following: Net income $180,000 Preferred dividends declared 30,000 Common dividend declared 6,000 Unrealized holding
For the year ended December 31, 2014, a company. reported the following:
Net income $180,000
Preferred dividends declared 30,000
Common dividend declared 6,000
Unrealized holding loss, net of tax 3,000
Retained earnings 240,000
Common stock 120,000
Accumulated Other Comprehensive Income, 12/31/13 15,000
Calculate the 12/31/14 balance in the Accumulated Other Comprehensive Income general ledger account.
Display your work in detail.
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