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Statement of Financial Accounting Standards No. 130 - page 50 / 57

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 period

Less:  reclassification adjustment for

 gains included in net income                 (1,500)

Net unrealized gains on securities        $   11,500

                                          ==========

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

\a/ All items of other comprehensive income are displayed net of tax.

\b/ 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.

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

All Formats:  Required Disclosure of Related Tax Effects Allocated to Each

Component of Other Comprehensive Income

                                   Enterprise

                         Notes to Financial Statements

                          Year Ended December 31, 19X9

                                                   Tax

                                               (Expense) or                                   Before-Tax                  Net-of-Tax

                                                 Benefit                                     Amount                      Amount

Foreign currency translation      $ 10,666      $ (2,666)     $  8,000

adjustments

                                 -------------------------------------

Unrealized gains on securities:

   Unrealized holding gains

    arising during period           17,333        (4,333)       13,000

   Less:  reclassification

    adjustment for gains

    realized in net income          (2,000)          500        (1,500)

                                 -------------------------------------

   Net unrealized gains             15,333        (3,833)       11,500

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