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Question - Bon Jovi Inc. purchased ABC Company bonds and LMN Company common stock during 2021, its first year of operations. Bon Jovi still owns the securities at the end of 2022. The following information pertains to these securities. The ABC Company bonds are classified as securities available for sale. The following pertains to these bonds: amortized cost is $360,000 at the end of 2021 and $367,500 at the end of 2022; and the fair value of these bonds are $375,000 at the end of 2021 and $400,000 at the end of 2022. The LMN Company common stock is classified as fair value through net income. The following pertains to this investment: the common stock cost $140,000; and the fair value is $130,500 at the end of 2021 and $150,400 at the end of 2022.
At what amount would Bon Jovi report accumulated other comprehensive income in the shareholders' equity section of its year end 2022 balance sheet?
A) zero.
B) positive $32,500.
C) positive $40,000.
D) positive $42,900.
Nicoula is a server at a La Jolla restaurant. Is Nicoula required to file an income tax return for 2016
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