Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information relates to Ayayai Co. for the year ended December 31, 2020: net income $1,298 million; unrealized holding loss of $11.3 million related

The following information relates to Ayayai Co. for the year ended December 31, 2020: net income $1,298 million; unrealized holding loss of $11.3 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $51.9 million on December 31, 2019. Assuming no other changes in accumulated other comprehensive income. Determine (a) other comprehensive income for 2020, (b) comprehensive income for 2020, and (c) accumulated other comprehensive income at December 31, 2020. (Enter answers in millions to 1 decimal place, e.g. 25.5. Enter loss using either a negative sign preceding the number e.g. -45.2 or parentheses e.g. (45.2).)

(a)

Other comprehensive income(loss) for 2020

$enter your answer in millions of dollars rounded to 1 decimal place

million
(b)

Comprehensive income for 2020

$enter your answer in millions of dollars rounded to 1 decimal place

million
(c)

Accumulated other comprehensive income

$enter your answer in millions of dollars rounded to 1 decimal place

million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting

Authors: Mike Tayles, Colin Drury

11th Edition

147377361X, 978-1473773615

More Books

Students also viewed these Accounting questions

Question

What is the effect of word war second?

Answered: 1 week ago

Question

Describe several models for organizing a human resources department

Answered: 1 week ago