Question: The following is from the 2018 annual report of Kaufman Chemicals, lnc 2.5 polnts eBook Hint print $15,851 $15,268 References Statements of Comprehensive Income

The following is from the 2018 annual report of Kaufman Chemicals, lnc

2.5 polnts eBook Hint print $15,851 $15,268 References Statements of Comprehensive Income

The following is from the 2018 annual report of Kaufman Chemicals, lnc 2.5 polnts eBook Hint print $15,851 $15,268 References Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income: Change in net unrealized gains on investments, $18, ($16), and $16 in 2018, 2017, and 2016, Other Total comprehensive income net of tax of respectively 2018 $856 $883 2017 $686 (24) $66a 2a16 $541 $569 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows ($ in millions) Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive TotGL shareholders' equity Required: 2018 33a 8,171 7,251 2017 33a 8,171 6,695 Income 4. From the information provided, determine how Kaufman calculated the $99 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) : Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in 'other" Accumulated other comprehensive income, 2018

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!