subject
Business, 24.03.2021 17:20 Chloe1414

The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31

2021 2020 2019
Net income $856 $686 $541
Other comprehensive income:
Change in net unrealized gains on AFS investments, net of
tax of $18, ($16), and $16 in 2021, 2020, and 2019, respectively 30 (24) 26
Other (3) (2) 2
Total comprehensive income $883 $660 $569

Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:

($ in millions )
2021 2020
Shareholders' equity:
Common stock 375 375
Additional paid-in capital 8979 8979
Retained earnings 8059 7503
Accumulated other comprehensive income 125 88
Total shareholders' equity $17,538 $16,945

Required:
From the information provided, determine how Kaufman calculated the $125 million accumulated other comprehensive income in 2021.

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 11:10, nataliahenderso
Which feature is a characteristic of a corporation?
Answers: 1
image
Business, 22.06.2019 12:30, deedee363
In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?
Answers: 3
image
Business, 22.06.2019 13:00, Killakyle4744
Amajor advantage of case studies is
Answers: 2
image
Business, 22.06.2019 14:00, lindjyzeph
The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
Answers: 2
You know the right answer?
The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensiv...

Questions in other subjects:

Konu
Mathematics, 16.03.2022 14:00
Konu
Biology, 16.03.2022 14:00