River Co. reports the following for the year ended December 31: ⚫ Beginning balance of AOCI: $10,000 • Unrealized holding gain on available-for-sale securities (net of tax): $3,000 What is the ending AOCI balance?

River Co. reports the following for the year ended December 31: ⚫ Beginning balance of AOCI: $10,000 • Unrealized holding gain on available-for-sale securities (net of tax): $3,000 What is the ending AOCI balance?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2RE: Refer to RE5-1. Prepare a single-step income statement for Brandt Corporation for the current year.

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Question

River Co. reports the following for the year ended
December 31:
⚫ Beginning balance of AOCI: $10,000
•
Unrealized holding gain on available-for-sale
securities (net of tax): $3,000
What is the ending AOCI balance?

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