Net Income Unrecognized Pension Costs Dividends Declared Issued 50,000 Shares of Common Stock for $125,000 Unrealized Losses on Available-for-Sale Investments Foreign Currency Translation Adjustments-Gain *** Accumulated Other Comprehensive Income (Loss), Beginning Balance Accumulated Other Comprehensive Income (Loss), Ending Balance $ 140,000 $ (67,000) $ 10,000 $ 125,000 $ (22,000) $ 13,000 ARRIVURIL
Net Income Unrecognized Pension Costs Dividends Declared Issued 50,000 Shares of Common Stock for $125,000 Unrealized Losses on Available-for-Sale Investments Foreign Currency Translation Adjustments-Gain *** Accumulated Other Comprehensive Income (Loss), Beginning Balance Accumulated Other Comprehensive Income (Loss), Ending Balance $ 140,000 $ (67,000) $ 10,000 $ 125,000 $ (22,000) $ 13,000 ARRIVURIL
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Its an accounting question thanks expert sir
Transcribed Image Text:Taxi Cabs, Inc. reported the following account balances on its balance sheet as of the beginning of the current year
(Click the icon to view the beginning account balances.)
It reported the following information for the current year:
(Click the icon to view the current year information)
What is the balance in the accumulated other comprehensive income account at the end of the year? Ignore taxes (Use a minus sign or
parentheses for a loss or to show a decrease in the accumulated other comprehensive income account)
Retained Earnings
Common Stock, $1 Par (200,000 Shares)
Additional Paid-in Capital in Excess of Par-Common
Accumulated other Comprehensive Income
$
$
$
$
1,250,000
200,000
775,000
345,000
Transcribed Image Text:Net Income
Unrecognized Pension Costs
Dividends Declared
Issued 50,000 Shares of Common Stock for $125,000
Unrealized Losses on Available-for-Sale Investments
Foreign Currency Translation Adjustments-Gain
TE
Accumulated Other Comprehensive Income (Loss), Beginning Balance
www
Accumulated Other Comprehensive Income (Loss), Ending Balance
$ 140,000
$ (67,000)
$
10,000
$ 125,000
$ (22,000)
$
13,000
AITIVUIL
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