NewsideCorporation reported a net income of $ 178,000 for the current year. It had unrealized gains on available-for-sale investment securities of $ 5,500 after tax and a foreign currency translation loss of $ 9,500 after tax. The beginning balance of its accumulated other comprehensive income was a credit of $ 100.
Required
a. What is other comprehensive income for the current year?
b. What is comprehensive income for the current year?
c. What is the ending balance of accumulated other comprehensive income?

Answer rating: 100% (QA)

a Other comprehensive income for the current year Calculation of other comprehensive income for the ... View the full answer