On December 31, 2014 Palmarolle Ltd. reported net income of ($2,750,000) and comprehensive income of $2,500,000. Accumulated

Question:

On December 31, 2014 Palmarolle Ltd. reported net income of \($2,750,000\) and comprehensive income of $2,500,000.

Accumulated other comprehensive income on December 31, 2013 was $100,000.

Required:

Determine accumulated other comprehensive income on December 31, 2014.

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