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Determine the comprehensive income for the year

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Question - Gerardo Company had a net income of $89,462, and other comprehensive income of $14,074 for the year. On January 1, the retained earnings balance was $504,441 and the accumulated other comprehensive income balance was $53,763.

a. Determine the comprehensive income for the year.

b. Determine the retained earnings balance on December 31.

c. Determine the accumulated other comprehensive income on December 31.

Reference no: EM133060095

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