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Teton, Inc., reported a net gain of $41,400 on its foreign assets due to the weakening of the U.S. dollar in 2017. In the same
Teton, Inc., reported a net gain of $41,400 on its foreign assets due to the weakening of the U.S. dollar in 2017. In the same year, the company disclosed gains of $958,800 on its derivatives and hedges and a $112,800 unrealized gain on its trading securities. The company also reported a $556,200 loss on the sale of some equipment. Which of the following best describes the impact of these transactions on Teton, Inc.'s accounts? $1.113,000 increase to net income $1,000,200 increase to accumulated other comprehensive income O $1,000,200 increase to net income O $ 154,200 increase to accumulated other comprehensive income O None of the above
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