Reference no: EM132943224
VW, Co. reported the following for the year ended December 31, 2020:
Net Income$8,000,000
Common Stock 14,000,000
Preferred Stock 3,000,000
Unrealized holding loss, Fair Value Hedge 800,000
Retained Earnings 2,225,000
Common Dividends, declared 300,000
Preferred Dividends, declared 50,000
Unrealized holding loss, pension assets 120,000
AOCI, beginning balance 475,000
Foreign Translation Adjustment Gain 55,000
2022 Tax Rate 25%
Problem 1: What would VW report at December 31, 2022 as its ending balance in Accumulated Other Comprehensive Income (AOCI)?
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What would vw report at december as ending balance
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