|Net income $ 63,250
Other comprehensive income, net of tax:
Foreign currency translation adjustments\a/ 8,000
Unrealized gains on securities:\b/
Unrealized holding gains arising during period $ 13,000
Less: reclassification adjustment for gains
included in net income (1,500) 11,500
Minimum pension liability adjustment\c/ (2,500)
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 as illustrated in Format A.
\a/ It is assumed that there was no sale or liquidation of an investment
in a foreign entity. Therefore, there is no reclassification
adjustment for this period.
\b/ This illustrates the gross display. Alternatively, a net display can
be used, with disclosure of the gross amounts (current-period gain
and reclassification adjustment) in the notes to the financial
\c/ This illustrates the required net display for this classification.
Format C: Statement-of-Changes-in-Equity Approach (Alternative 1)
Statement of Changes in Equity
Year Ended December 31, 19X9