The following information is available for Pinnacle Inc. for 2025: . Net Income: $185,000 • Realized gain on sale of available-for-sale securities: $18,000 Unrealized holding gain arising during the period on available-for-sale securities: $36,000 a. Determine other comprehensive income for 2025 b. Compute comprehensive income for 2025

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
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...
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The following information is available for Pinnacle Inc.
for 2025:
. Net Income: $185,000
•
Realized gain on sale of available-for-sale securities:
$18,000
Unrealized holding gain arising during the period on
available-for-sale securities: $36,000
a. Determine other comprehensive income for 2025
b. Compute comprehensive income for 2025
Transcribed Image Text:The following information is available for Pinnacle Inc. for 2025: . Net Income: $185,000 • Realized gain on sale of available-for-sale securities: $18,000 Unrealized holding gain arising during the period on available-for-sale securities: $36,000 a. Determine other comprehensive income for 2025 b. Compute comprehensive income for 2025
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