Question

For the year ended December 31, 2017, Redvers Ltd. issued the following summarized statement of comprehensive in come. Use the information in the statement to determine accumulated other comprehensive income on December 31, 2017. Accumulated other comprehensive income on December 31, 2016 was $245,000.
Redvers Ltd.
Summarized Statement of Comprehensive Income
For the year ended December 31, 2017
Net income............ $925,000
Other comprehensive income..... (95,000)
Comprehensive income......... $830,000



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  • CreatedFebruary 26, 2015
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