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The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $878 $708
The following is from the 2021 annual report of Kaufman Chemicals, Inc.:
Statements of comprehensive Income Years Ended December 31 2021 2020 2019 $878 $708 $ 563 Net income Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $20, ($18), and $18 in 2021, 2020, and 2019, respectively Other Total comprehensive income 33 (26) 25 (1) (2) $909 $681 $589 : Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) 2021 2020 Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income Total shareholders' equity 340 8,373 7,453 107 $16,273 340 8,373 6,897 76 $15,686 Required: 4. From the information provided, determine how Kaufman calculated the $107 million accumulated other comprehensive income in 2021. (Negative amount should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ($ in millions) Accumulated other comprehensive income, 2020 Accumulated other comprehensive income, 2021 ($ in millions) Accumulated other comprehensive income, 2020 Change in net unrealized gains on investments Change in "other" Change in adjustments for foreign currency translation Change in deferred gains from derivativesStep by Step Solution
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