Selected year-end fi nancial statement data for Workhard are shown below. Workhards comprehensive income for the year:

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Selected year-end fi nancial statement data for Workhard are shown below. image text in transcribed

Workhard’s comprehensive income for the year:
A . is $$18$ million.
B . is increased by the derivatives accounted for as hedges.
C . includes $$4$ million in other comprehensive income.

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International Financial Statement Analysis Workbook

ISBN: 9781119628095

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Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie

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Question Posted: Mar 27, 2024 02:02 AM

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Selected year-end fi nancial statement data for Workhard are shown below. Workhards comprehensive income for the year:

Question:

Beginning shareholders' equity Ending shareholders' equity Unrealized gain on available-for-sale securities Unrealized loss on derivatives accounted for as hedges Foreign currency translation gain on consolidation Dividends paid Net income $ millions 475 493 5 -3 2 1 15

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C is correct Comprehensive income includes both net income and ...View the full answer

International Financial Statement Analysis Workbook

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