Reference no: EM132704843
For the year ended December 31, 2018, Transformers Inc. reported the following:
Net income $180,000
Preferred dividends declared 30,000
Common dividend declared 6,000
Unrealized holding gain on available-for-sale securities, net of tax 3,000
Retained earnings, beginning balance 240,000
Common stock 120,000
Accumulated Other Comprehensive Income,
Beginning Balance 15,000
Problem 1: The balance of Accumulated Other Comprehensive Income that is reported on the balance sheet on December 31, 2018:
Select one:
a. None of the available choices
b. $12,000
c. $18,000
d. $192,000
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