The statement of comprehensive income for the years ended December 31, 2008 and 2009, plus selected items
Question:
There were no dividends or purchases or sales of temporary investments. Other comprehensive items included only after-tax unrealized gains and losses on investments.
Determine the missing lettereditems.
Transcribed Image Text:
Johnson Wholesalers Inc. Statement of Comprehensive Income For the Years Ended December 31, 2008 and 2009 2008 2009 Net income Other comprehensive income (loss), net of tax Total comprehensive income 100,000 a. b. C. 4,000 Johnson Wholesalers Inc. Selected Balance Sheet Items December 31, 2007, 2008, and 2009 Dec. 31, 2007 Dec. 31, 2008 Dec. 31 2009 Temporary investments in marketable securities at fair market value, net of taxes on unrealized gains or losses 32,000 175,000 d. Retained earnings Accumulated other comprehensive income 250,000 g. or (losS) (8,000) 1,000 h.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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