X hits on this document

Word document

Statement of Financial Accounting Standards No. 130 - page 45 / 57

169 views

0 shares

0 downloads

0 comments

45 / 57

      Unrealized holding gains arising    $  13,000

       during period

      Less:  reclassification                (1,500)         11,500

       adjustment for gains included

       in net income

   Minimum pension liability                                 (2,500)

    adjustment\c/

Other comprehensive income                                   17,000

Comprehensive income                                      $  80,250

                                                          =========

Alternatively, components of other comprehensive income could be displayed

before tax with one amount shown for the aggregate income tax expense or

benefit:

Other comprehensive income, before tax:

   Foreign currency translation                            $ 10,666

    adjustments\a/

   Unrealized gains on securities:\b/

      Unrealized holding gains arising    $   17,333

       during period

      Less:  reclassification                 (2,000)        15,333

       adjustment for gains included in

       net income

   Minimum pension liability                                 (3,333)

    adjustment\c/

Other comprehensive income, before tax                       22,666

Income tax expense related to items of                       (5,666)

 other comprehensive income

Other comprehensive income, net of tax                     $ 17,000

                                                           ========

===========================================================================

\a/ It is assumed that there was no sale or liquidation of an investment

   in a foreign entity.  Therefore, there is no reclassification

Document info
Document views169
Page views170
Page last viewedSun Dec 04 15:03:24 UTC 2016
Pages57
Paragraphs1985
Words17765

Comments