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3 years ago

The following information is available for Blue Spruce Corp. for 2021:

Business

1 answer:

Andru [333]3 years ago

6 0

Answer:

Other Comprehensive income = $37,500
Comprehensive income = $154,500

Explanation:

Other comprehensive income:

= Realized gain on sale of available-for-sale debt securities + Unrealized holding gain arising during the period on available-for-sale debt securities - Reclassification adjustment for gains included in net income

= 11,000 + 34,000 - 7,500

= $37,500

Comprehensive income = Net income + Other comprehensive income

= 117,000 + 37,500

= $154,500

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