Question
The following information occurred for Amsterdam Company: Net income $317,000 Foreign currency translation adjustments (5,400 ) Unrealized loss on available-for-sale securities (7,250 ) Cash dividends
The following information occurred for Amsterdam Company:
| Net income | $317,000 |
|
| Foreign currency translation adjustments | (5,400 | ) |
| Unrealized loss on available-for-sale securities | (7,250 | ) |
| Cash dividends declared | 74,000 |
|
| Pension liability adjustment | 8,000 |
|
How much will Amsterdam report as comprehensive income/loss?
| A. | $238,350 | |
| B. | $312,350 | |
| C. | $386,350 | |
| D. | ($4,650) |
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GAO Financial Audit Manual Volume 1 Updated April 2020
Authors: United States Government GAO
2020 Edition
B091PR8396, 979-8733135977
