Question: The following information relates to Cortez Corp for 2014 net

The following information relates to Cortez Corp. for 2014: net income of $672,683; unrealized loss of $20,830 related to investments accounted for at fair value through other comprehensive income during the year; and accumulated other comprehensive income of $37,273 on January 1, 2014. Determine
(a) Other comprehensive income for 2014,
(b) Comprehensive income for 2014, and
(c) Accumulated other comprehensive income at December 31, 2014.

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  • CreatedSeptember 18, 2015
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