DeMent Co. had the following amounts related to its pension plan in 2008.
Actuarial liability loss for 2008 ..................$25,000
Unexpected asset gain for 2008 ..........................................................18,000
Accumulated other comprehensive income (G/L) (beginning balance) ...7,000 Cr.
Determine for 2008: DeMent’s
(a) Other comprehensive income and
(b) Comprehensive income. Net income for 2008 is $26,000; no amortization of gain or loss is necessary in 2008.