Question
Whole Food Kitchen bought a long-term investment on January 1, 20X1. Information on the investment is as follows. Cost 470,000 Fair value at December 31,
Whole Food Kitchen bought a long-term investment on January 1, 20X1. Information on the investment is as follows.
| Cost | 470,000 |
| Fair value at December 31, 20X1 | 512,000 |
| Fair value at December 31, 20X2 | 531,000 |
| Fair value at December 31, 20X3 | 494,000 |
| Tax rate | 21% |
What is the balance of accumulated other comprehensive income at December 31, 20X3?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
