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 B) $0 C) $20,000 D) $80,000
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 B) $0 C) $20,000 D) $80,000
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
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 14P: Gray Company lists the following shareholders equity items on its December 31, 2018, balance sheet:...
Related questions
Question
do not give solution in image
![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
B) $0
D) $80,000
C) $20,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2abcb60-256f-4834-9550-2818ad91e8b9%2F62dd48ca-b38d-4863-b4e0-87a7ce8c966c%2F3dirgzb_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
B) $0
D) $80,000
C) $20,000
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
![Intermediate Accounting: Reporting And Analysis](https://www.bartleby.com/isbn_cover_images/9781337788281/9781337788281_smallCoverImage.jpg)
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
![Cornerstones of Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781337690881/9781337690881_smallCoverImage.gif)
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning