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The following is from the 2018 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income:
The following is from the 2018 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income: Change in net unrealized gains on investments, net of tax 2018 $ 988 2017 $818 2016 $673 44 (27) $31, ($19), and $21 in 2018, 2017, and 2016, respectively Other Total comprehensive income Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows ($ in millions) 2018 2017 395 Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders' equity 395 9,383 8, 463 138 $18,379 9,383 7.907 $17.781 Required: 4. From the information provided, determine how Kaufman calculated the $138 million accumulated other comprehensive income in 2018. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) ($ in millions) Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in 'other' Accumulated other comprehensive income, 2018 5 The following is from the 2018 annual report of Kaufman Chemicals, Inc. Statements of Comprehensive Income Years Ended December 31 Net Income Other comprehensive income: Change in net unrealized gains on investments, net of tax 2018 $ 988 2017 $818 2016 $673 of 44 $31, ($19), and $21 in 2018, 2017, and 2016, respectively Other Total comprehensive income 161, 030 6768% 6703 $1.030 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: 1$ in milliona) 2018 2017 Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders' equity 395 9,383 8, 463 395 9,383 7,907 138 96 $18,379 $17, 781 Required: 4. From the information provided, determine how Kaufman calculated the $138 million accumulated other comprehensive income in 2018. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) ($ in millions) Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in other Accumulated other comprehensive income, 2018 5
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