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In the shareholders' equity section of its 2018 and 2019 balance sheets, H&R Block reported accumulated other comprehensive income balances of $(14.3) million and $(20.4)
In the shareholders' equity section of its 2018 and 2019 balance sheets, H&R Block reported accumulated other comprehensive income balances of $(14.3) million and $(20.4) million, respectively. The 2019 income statement reported net income of $423 million. During 2019, the company reported one item of other comprehensive income: a $6.1 million loss on foreign currency translations. 1. Compute comprehensive income for 2019. 2. Describe how these activities are reflected on H&R Block's balance sheet, income statement, and statement of shareholders' equity. Required: After completing Brief Exercise 13-4 provide the following answer: From Part a, what amount is H&R Block's comprehensive income for 2019? Enter your answer in millions. Selected Answer: [None Given]
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