Question
Rock Cos financial statements had the following information related to its 2019 financial statements: Gain on sale of equipment 50,000.00 Foreign currency translation gain 100,000
Rock Cos financial statements had the following information related to its 2019 financial statements: Gain on sale of equipment 50,000.00 Foreign currency translation gain 100,000 Net income 500,000 Unrealized gain on Trading securities 50,000 Gross profit 80,000 Loss due to minimum pension liability adjustment (40,000) Accumulated other comprehensive income/(loss) 1/1/19 300,000 Retained earnings 1/1/19 1,200,000 Dividends declared 80,000 Compute the following amounts for 2019: Other comprehensive income (loss) Comprehensive income (loss) Ending Accumulated other comprehensive income Ending Retained Earnings
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