What is the comprehensive income for the current year

Reference no: EM131962023

Problem

Price Co. reported net income of $12,000 for the current year. It had unrealized losses on available-for-sale securities of $1,200 after tax, and a foreign currency translation loss of $500 after tax. What is the comprehensive income for the current year?

Reference no: EM131962023

Questions Cloud

Decrease the money supply in the united states : If Federal Reserve decides to decrease the money supply in the United States, what will happen to: (1) the interest rate; (2) the level of investment spending

What other groups outside organization may use accounting : The primary users of accounting information are managers. What other groups outside the organization may use accounting information about a firm?

Unilateral changes to the wages : Under what conditions is an employer allowed to make unilateral changes to the wages, hours, and working conditions of its employees?

Do the consequences-results not matter at all : Do you agree that the moral worth of an action depends on the intention behind it? That is, is an act good only if it is done out of a good will?

What is the comprehensive income for the current year : Price Co. reported net income of $12,000 for the current year. What is the comprehensive income for the current year?

Explain the issue in terms of social sciences : Explain the issue/idea of truth in terms of both the social sciences and the humanities: argue one or the other as being better at explaining or illuminating.

Determining the sequence of change : How does this affect the output market? Explain your answer through the sequence of change(s) on any variable(s) involved.

Determine the allocation of income at the end of year : The Prince-Robbins partnership has the following capital account balances on January 1, 2015. Determine the allocation of income at the end of 2015.

Components of planned spending : In the income-expenditure model of output determination what are the components of planned spending? Explain each of them briefly.

User Account

All Pages