The company started business on January 1, 2011. Net income and dividends for the first three years

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The company started business on January 1, 2011. Net income and dividends for the first three years of the company's existence are as follows:
...............................................................Net Income (Loss) ......Dividends
2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,500) ...................$ 0
2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600....................150
2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,100....................550
The company has some foreign subsidiaries and also maintains a portfolio of available-for-sale securities. During 2011, 2012, and 2013, the U.S. dollar value of the equity of the foreign subsidiaries and the market value of the securities in the available-for-sale portfolio fluctuated as shown below.
..........................................Change in U.S. Dollar Value.....Change in Value of Portfolio
2011
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increase of $320....................Decrease of $900
2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Decrease of $680...................Decrease of $400
2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Decrease of $170....................Increase of $560
Compute comprehensive income for each of the three years: 2011, 2012, and 2013.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Related Book For  answer-question

Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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