The following information relates to Starbucks for 2007: net income $672.638 mil

Question

The following information relates to Starbucks for 2007: net income $672.638 million; unrealized holding loss of $20.380 million related to available-for-sale securities during the year; accumulated other comprehensive income of $37.273 on October 1, 2006. (For negative numbers use either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45).)

Assuming no other changes in accumulated other comprehensive income, determine:

(a) Other comprehensive income for 2007:

$ million


(b) Comprehensive income for 2007:

$ million


(c) Accumulated other comprehensive income at September 30, 2007:

$ million

Explanation / Answer

(a) Other comprehensive income for 2007: unrealized holding loss of $20.380 million related to available-for-sale securities during the year Answer is( $20.380 million) (b) Comprehensive income for 2007: Net income = $672.638 million unrealized holding loss of $20.380 million related to available-for-sale securities during the year Ansswer = 672.638-20.380 = $652.258million (c) Accumulated other comprehensive income at September 30, 2007: accumulated other comprehensive income of $37.273 on October 1, 2006 unrealized holding loss of $20.380 million related to available-for-sale securities during the year Answer is 37.273-20.380 = $16.893million answer Happy to help

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.