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Compute the comprehensive income

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Comprehensive income

On April 23, 2012, Frost Co. purchased 1, 500 shares of Apex, Inc., for $88 per share including the brokerage commission. The Apex investment was classified as an available for-sale security. On December 31, 2012, the fair value of Apex Inc., was $101 per share.
The net income of Frost Co. was $60,000 for 2012.

Compute the comprehensive income for Frost Co. for the year ended December 31, 2012.

Reference no: EM13509705

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