stockholders' equity section reported Accumulated Other Comprehensive Income of $50,000 which reflected cumulative gains. The following information is available for Smalley for 2025: Net Income Realized gain on sale of available-for-sale debt securities Unrealized holding gain on available-for-sale debt securities Unrealized holding loss on available-for-sale equity securities $250,000 25,000 30,000 10,000 What amount would Smalley report for Accumulated Other Comprehensive Income at December 31, 2025? A) $30,000 B) $0 C) $20,000 D) $80,000 7)
stockholders' equity section reported Accumulated Other Comprehensive Income of $50,000 which reflected cumulative gains. The following information is available for Smalley for 2025: Net Income Realized gain on sale of available-for-sale debt securities Unrealized holding gain on available-for-sale debt securities Unrealized holding loss on available-for-sale equity securities $250,000 25,000 30,000 10,000 What amount would Smalley report for Accumulated Other Comprehensive Income at December 31, 2025? A) $30,000 B) $0 C) $20,000 D) $80,000 7)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Subject: accounting
![7) Smalley Company's December 31, 2024 stockholders' equity section reported
Accumulated Other Comprehensive Income of $50,000 which reflected cumulative
gains. The following information is available for Smalley for 2025:
Net Income
Realized gain on sale of available-for-sale debt securities
Unrealized holding gain on available-for-sale debt securities
Unrealized holding loss on available-for-sale equity securities
$250,000
25,000
30,000
10,000
What amount would Smalley report for Accumulated Other Comprehensive Income at
December 31, 2025?
A) $30,000
C) $20,000
B) $0
D) $80,000
7)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc7fe5a73-45e4-4166-8ba1-50e355550dfc%2F8200cf59-899e-4d1f-a2b2-602bd15447ab%2Fp920mtt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7) Smalley Company's December 31, 2024 stockholders' equity section reported
Accumulated Other Comprehensive Income of $50,000 which reflected cumulative
gains. The following information is available for Smalley for 2025:
Net Income
Realized gain on sale of available-for-sale debt securities
Unrealized holding gain on available-for-sale debt securities
Unrealized holding loss on available-for-sale equity securities
$250,000
25,000
30,000
10,000
What amount would Smalley report for Accumulated Other Comprehensive Income at
December 31, 2025?
A) $30,000
C) $20,000
B) $0
D) $80,000
7)
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