Reference no: EM132651596
Question - Company XYZ had the following information during the year:
1. Sales revenue of $500,000.
2. Cost of goods sold of $38,000.
3. Operating expenses of $85,200.
4. Unrealized holding gain from available-for-sale securities of $12,500.
5. Foreign currency translation losses of $2,210.
6. Cash holdings of $101,150.
7. Beginning retained earnings of $21,000.
8. Beginning accumulated other comprehensive income of $32,000.
Required - Compute (1) net income, (2) other comprehensive income, (3) comprehensive income, and (4) accumulated other comprehensive income.
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