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The beginning balance for the current year of accumulated other comprehensive income was a $5,000 debit balance. Net income for the year is $25,000. During
The beginning balance for the current year of accumulated other comprehensive income was a $5,000 debit balance. Net income for the year is $25,000. During the current year, the following items were accounted for correctly: Correction of deletion of prior year depreciation expense: $4,000 Foreign currency translation GAIN: $2,500 Unrealized LOSS on available for sale securities: $1,200 What is comprehensive income (CI) for the year, and what is the year-end balance for accumulated other comprehensive income?
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