Indigo Co. had the following amounts related to its pension plan in 2020. Actuarial liability loss for 2020 $28,500 Unexpected asset gain for 2020 19,600 Accumulated other comprehensive income (G/L) (beginning balance) 7,200 Cr. Determine for 2020 (a) Indigo's other comprehensive income (loss) and (b) comprehensive income. Net income for 2020 is $27,300; no amortization of gain or loss is necessary in 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Other comprehensive income (loss) (b) Comprehensive income (loss)

Indigo Co. had the following amounts related to its pension plan in 2020. Actuarial liability loss for 2020 $28,500 Unexpected asset gain for 2020 19,600 Accumulated other comprehensive income (G/L) (beginning balance) 7,200 Cr. Determine for 2020 (a) Indigo's other comprehensive income (loss) and (b) comprehensive income. Net income for 2020 is $27,300; no amortization of gain or loss is necessary in 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Other comprehensive income (loss) (b) Comprehensive income (loss)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Rahul
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D
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