Question
Jack's by the Tracks. has the following partial balance sheet: JACK'S BY THE TRACKS. Balance Sheet (partial) Stockholders equity: Common stock $6008000 Retained earnings 2008000
Jack's by the Tracks. has the following partial balance sheet:
| JACK'S BY THE TRACKS. Balance Sheet (partial) | |
| Stockholders equity: | |
| Common stock | $6008000 |
| Retained earnings | 2008000 |
| Total paid-in capital and retained earnings | 8016000 |
| Accumulated other comprehensive income | 801600 |
| Total stockholders equity: | $8817600 |
What effect will the accumulated other comprehensive income have on comprehensive income?
Increase of $8817600 in comprehensive income.
No effect on comprehensive income.
Decrease of $801600 in comprehensive income.
Increase of $801600 in comprehensive income.
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
3rd Canadian edition
1-119-40285-5, 111940276X, 978-1119566007
