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Compute the comprehensive income for Frost Co

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Problem - 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: EM132879256

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