Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Frog Company had a net income of $1,000,000 for 2010. It received dividends from availableforsales securities for $60,000, paid cash dividends for $110,000, and reacquired
Frog Company had a net income of $1,000,000 for 2010. It received dividends from availableforsales securities for $60,000, paid cash dividends for $110,000, and reacquired common stock for $400,000. It also realized a gain on the sale of equipment for $65,000. Finally, it recorded unrealized loss from foreign currency translation for $15,000, unrealized loss from availableforsale securities for $10,000, and unrealized gain from cash flow hedge for $30,000. What is the total comprehensive income?
a. $1,005,000
b. $1,055,000
c. $1,015,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started