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Comprehensive income calculation.
The following information is available for Irwin Company for 2013:
Net Income $120,000
Realized gain on sale of available-for-sale securities 10,000
Unrealized holding gain arising during the period on
available-for-sale securities 29,000
Reclassification adjustment for gains included in net
income 8,000 

Instructions
(1) Determine other comprehensive income for 2013.
(2) Compute comprehensive income for 2013 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9448057

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