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Determine the other comprehensive income

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Problem - The following information relates to Sheffield Co. for the year ended December 31, 2017: net income 1,285 million; unrealized holding loss of $9.9 million related to available-for-sale debt securities during the year; accumulated other comprehensive income of $56.1 million on December 31, 2016. Assuming no other changes in accumulated other comprehensive income.

Determine (a) other comprehensive income for 2017, (b) comprehensive income for 2017, and (c) accumulated other comprehensive income at December 31, 2017.

Reference no: EM132449634

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