Question
The following amounts resulted during the year ending December 31 for Staffordshire Products: Net income $64,500 Pension liability adjustment 9,000 Foreign currency translation adjustments (5,050
The following amounts resulted during the year ending December 31 for Staffordshire Products:
| Net income | $64,500 |
|
| Pension liability adjustment | 9,000 |
|
| Foreign currency translation adjustments | (5,050 | ) |
In addition, the market value of available-for-sale investments declined from $39,000 to $37,150 during the year. How much is comprehensive income at year-end?
| A. | $62,650 | |
| B. | $66,600 | |
| C. | $68,450 | |
| D. | $60,500 |
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Auditing Theory And Practice
Authors: C. William Thomas
1st Edition
0534013880, 978-0534013882
