Chapter 18, Problem 18.4BYP

(1)

To determine

Comprehensive income:

Comprehensive income represents the amount of net income plus other comprehensive income that changes only the stockholders’ equity but does not form the part of the traditional net income. Other comprehensive incomes are other gains and losses and gains and losses from other adjustments.

To show: The way in which C Company has reported the comprehensive income in its balance sheet.

(2)

To determine

To identify: The specific citation, which describes the alternative formats for reporting the comprehensive income.

(3)

To determine

To explain: The term comprehensive income and describe the difference between net income and comprehensive income.

(4)

To determine

To explain: Net unrealized gains on investments.

(5)

To determine

To explain: The possible reason for the “Other” components of Company C’s other comprehensive income.