What is the other comprehensive income? Sotb Industries has a net incomeof $600,000 and an unrealizedlossonavailable-for-salesecurities (net of tax) of $9,000.What is the other comprehensiveincome (OCI)?

Explanation of Other Comprehensive Income (OCI)Other Comprehensive Income (OCI) includes revenues,…

Answered: Sotb Industries has a net income of…

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 7P

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Sotb Industries has a net income of $600,000 and an unrealized loss on available-for-sale securities (net of tax) of $9,000. What is the other comprehensive income (OCI)?