The following information relates to Cortez Corp. for 2023: net income of $672,683; unrealized loss of $20,830
Question:
The following information relates to Cortez Corp. for 2023: net income of $672,683; unrealized loss of $20,830 related to investments accounted for at FV-OCI during the year; and accumulated other comprehensive income of $37,273 on January 1, 2023. Determine
(a) Other comprehensive income for 2023
(b) Comprehensive income for 2023
(c) Accumulated other comprehensive income at December 31, 2023.
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Related Book For 
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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