Question
Oficina Cos financial statements had the following balances at December 31: Prior Service Cost adjustment $201,000dr Unrealized gain on available for sale equity securities 20,000cr
Oficina Cos financial statements had the following balances at December 31:
| Prior Service Cost adjustment |
| $201,000dr |
| Unrealized gain on available for sale equity securities |
| 20,000cr |
| Foreign currency translation transaction |
| 66,000dr |
| Loss on early extinguishment of long-term debt |
| 88,000dr |
| Net income |
| 903,000cr |
| Unrealized loss on available for sale debt securities |
| 22,000dr |
What amount should Rock report as comprehensive income for the year ended December 31?
- A.
$634,000
- B.
$722,000
- C.
$614,000
- D.
$788,000
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Complete Business Statistics
Authors: Amir Aczel, Jayavel Sounderpandian
7th Edition
9780071077903, 73373605, 71077901, 9780073373607, 77239695, 978-0077239695
