Staffordshire Products Problem Calculate the comprehensive income for the Staffordshire Products Company given the information below Positive amounts are unrealized gains and negative amounts are unrealized losses Net Income $64,500 Dividends $5,600 Pension liability adjustment $9,000 Foreign currency translation ($5,050) Gain discontinued operations $3,200 Available for sale investments declined from $39,000 to $37,150 Calculate OCI Calculate Total Comprehensive Income The balance in Accumulated Other Comprehensive Income (AOCI) on the balance at the beginning of the year was ($56,870) What is the ending balance How would AOCI be reported in the financial statements Calculate OCI True or false OCI is closely related to a change in cash Show how Total Comprehensive Income is calculated Net Income Other Comprehensive Income (OCI) Total Comprehensive Income If all OCI unrealized gains and losses were reported as part of net income, how much net income would Computer Plus report Interpret the adjustment to OCI for investments Show the calculation for Beginning AOCI OCI Other Adjustments Ending AOCI The Consolidated Statement of Stockholders' Equity for Computer Plus, Inc for the year ending February 1, 2017 appears below COMPUTER PLUS, INC Consolidated Statement of Stockholders' Equity Common Stock and Capital in Excess of Par Issued Shares Amount Treasury Stock Accumulated Other Retained Comprehensive Earnings Loss (in millions) Shares Amount Total 6,780 $24,374 2,308 $(62,890) $(122) $56,472 4,744 $17,834 4,744 (12) (12) (66) (66) Balances at February 3, 2016 Net income Change in net unrealized gain or loss on investments, net of taxes Foreign currency translation adjustments Change in net unrealized loss on derivative instruments, net of taxes Total comprehensive income Stock issuances under employee plans and other Repurchases 82 82 $4,748 46 72 72 92 (1,400) (1,400) (556) Cash dividends declared (556) Stock based compensation expense under SFAS 123(R) Net tax shortfall 716 716 (54) (54) Balance at February 1, 2017 6 826 $25 108 2 400 $(64 290) $60 660 $(118) $21 360

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Staffordshire Products Problem Calculate the comprehensive income for the Staffordshire Products Company given the information below. Positive amounts are unrealized gains and negative amounts are

Staffordshire Products Problem

Calculate the comprehensive income for the Staffordshire Products Company given the information below. Positive amounts are unrealized gains and negative amounts are unrealized losses:

Net Income $64,500

Dividends $5,600

Pension liability adjustment $9,000

Foreign currency translation ($5,050)

Gain discontinued operations $3,200

Available-for sale investments declined from $39,000 to $37,150

Calculate OCI
Calculate Total Comprehensive Income
The balance in Accumulated Other Comprehensive Income (AOCI) on the balance at the beginning of the year was ($56,870). What is the ending balance?
How would AOCI be reported in the financial statements?

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Calculate OCI
True or false: OCI is closely related to a change in cash.
Show how Total Comprehensive Income is calculated:

Net Income + Other Comprehensive Income (OCI) = Total Comprehensive Income

If all OCI unrealized gains and losses were reported as part of net income, how much net income would Computer Plus report?
Interpret the adjustment to OCI for investments.
Show the calculation for Beginning AOCI + OCI +/- Other Adjustments = Ending AOCI

The Consolidated Statement of Stockholders' Equity for Computer Plus, Inc. for the year ending February 1, 2017 appears below: COMPUTER PLUS, INC. Consolidated Statement of Stockholders' Equity Common Stock and Capital in Excess of Par Issued Shares Amount Treasury Stock Accumulated Other Retained Comprehensive Earnings Loss (in millions) Shares Amount Total 6,780 $24,374 2,308 $(62,890) $(122) $56,472 4,744 $17,834 4,744 (12) (12) (66) (66) Balances at February 3, 2016 Net income Change in net unrealized gain or loss on investments, net of taxes Foreign currency translation adjustments Change in net unrealized loss on derivative instruments, net of taxes Total comprehensive income Stock issuances under employee plans and other Repurchases 82 82 $4,748 46 72 72 92 (1,400) (1,400) (556) Cash dividends declared (556) Stock-based compensation expense under SFAS 123(R) Net tax shortfall 716 716 (54) (54) Balance at February 1, 2017 6.826 $25. 108 2.400 $(64.290) $60.660 $(118) $21.360