### Transcription of Image for Educational Website:**Total comprehensive income (final total)**: $9,600 **Net income**: $10,100 **Change in value of available-for-sale securities**: $(2,200) **Other comprehensive income (subtotal)**: $(500) **Change in foreign currency translation**: $1,700 **Instructions:**Use the above information of Prescrip Company to prepare a calendar year-end statement of comprehensive income. **(Amounts deducted should be indicated by a minus sign.)**---**Prescrip Company** **Statement of Comprehensive Income** **For Year Ended December 31**| Description | Amount ||---------------------------------------------|---------|| Net Income | || Other Comprehensive Income: | || - Change in value of available-for-sale securities | || - Change in foreign currency translation | || Total Other Comprehensive Income | || Total Comprehensive Income | |---*Note: This table provides a template layout for preparing the statement of comprehensive income using the provided figures.*

Answered: Total comprehensive income (final…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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### Transcription of Image for Educational Website:

**Total comprehensive income (final total)**: $9,600
**Net income**: $10,100
**Change in value of available-for-sale securities**: $(2,200)
**Other comprehensive income (subtotal)**: $(500)
**Change in foreign currency translation**: $1,700

**Instructions:**

Use the above information of Prescrip Company to prepare a calendar year-end statement of comprehensive income. **(Amounts deducted should be indicated by a minus sign.)**

---

**Prescrip Company**
**Statement of Comprehensive Income**
**For Year Ended December 31**

| Description | Amount |
|---------------------------------------------|---------|
| Net Income | |
| Other Comprehensive Income: | |
| - Change in value of available-for-sale securities | |
| - Change in foreign currency translation | |
| Total Other Comprehensive Income | |
| Total Comprehensive Income | |

---

*Note: This table provides a template layout for preparing the statement of comprehensive income using the provided figures.*

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Statement of comprehensive income meaning:- The term "statement of comprehensive income" refers to the statement that appears after net income on a firm's income statement and contains the information related to the revenue, income, expenses etc. that a company does not realize when preparing its financial statements for the given accounting period.

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