THAS THE FOLLOWING 2016 DATA: BEGINNING BALANCES: RETAINED EARNINGS ACCUMULATED OC COMMON STOCK (ACCUMULATED OCI INCLUDES...

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THAS THE FOLLOWING 2016 DATA: BEGINNING BALANCES: RETAINED EARNINGS ACCUMULATED OC COMMON STOCK (ACCUMULATED OCI INCLUDES $850 UNREALIZED GAIN FROM AFS DEBT SECURITY X) 2016 ACTIVITY: NET INCOME 62,000 25,000 (NET INCOME INCLUDES REALIZED GAIN FROM AFS DEBT SECURITY X) DIVIDENDS DECLARED 220,000 2,000 100,000 AFS DEBT SECURITY X IS BOUGHT IN 2015 AND IS SOLD IN 2016. AFS DEBT SECURITY Y IS BOUGHT ON 10/16/2016, THE COST IS $10,000, 2016 YEAR-END FAIR MARKET VALUE IS $10,800. SECURITY Y IS SOLD ON 3/12/17) REQUIRED: WHAT IS 2016 COMPREHENSIVE INCOME? REQUIRED: WHAT IS ACCUMULATED OCI AT 12/31/2016? REQUIRED: WHAT IS RETAINED EARNINGS AT 12/31/2016? REQUIRED: WHAT IS TOTAL EQUITY AT 12/31/2016? THAS THE FOLLOWING 2016 DATA: BEGINNING BALANCES: RETAINED EARNINGS ACCUMULATED OC COMMON STOCK (ACCUMULATED OCI INCLUDES $850 UNREALIZED GAIN FROM AFS DEBT SECURITY X) 2016 ACTIVITY: NET INCOME 62,000 25,000 (NET INCOME INCLUDES REALIZED GAIN FROM AFS DEBT SECURITY X) DIVIDENDS DECLARED 220,000 2,000 100,000 AFS DEBT SECURITY X IS BOUGHT IN 2015 AND IS SOLD IN 2016. AFS DEBT SECURITY Y IS BOUGHT ON 10/16/2016, THE COST IS $10,000, 2016 YEAR-END FAIR MARKET VALUE IS $10,800. SECURITY Y IS SOLD ON 3/12/17) REQUIRED: WHAT IS 2016 COMPREHENSIVE INCOME? REQUIRED: WHAT IS ACCUMULATED OCI AT 12/31/2016? REQUIRED: WHAT IS RETAINED EARNINGS AT 12/31/2016? REQUIRED: WHAT IS TOTAL EQUITY AT 12/31/2016?

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1 Calculating Comprehensive Income for 2016 Comprehensive Income is the sum of Net Income and Other ... View the full answer