The computation of comprehensive income for 2006 for Coca-Cola is presented in Exhibit 4-11 on page 184.

Question:

The computation of comprehensive income for 2006 for Coca-Cola is presented in Exhibit 4-11 on page 184.
1. Which is greater in 2006—Coca-Cola’s net income or comprehensive income?
2. With respect to the currencies in the countries where Coca-Cola has foreign subsidiaries—did those currencies get stronger or weaker, relative to the U.S. dollar, in 2006? Explain.
3. Did Coca-Cola’s available-for-sale securities increase or decrease in value during 2006? Explain.

Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...