Question: 8 9 JACK'S BY THE TRACKS. Balance Sheet (partial) Stockholders' Equity: Common Stock Retained Earnings Total Paid-in capital and retained earnings Add: Unrealized gain on
8 9 JACK'S BY THE TRACKS. Balance Sheet (partial) Stockholders' Equity: Common Stock Retained Earnings Total Paid-in capital and retained earnings Add: Unrealized gain on available-for-sale securities Total Stockholders' Equity: $6,000,000 2,000,000 8,000,000 800,000 11 12 $8,800,000 15 What effect will the unrealized gain on available-for-sale securities have on comprehensive income? 17 18 a) No effect on comprehensive income. 20 Ob) Decrease of $800,000jn comprehensive income. c) Increase of $800,000 in comprehensive income. d) Increase of $8,800,000 in comprehensive income
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