The following is from the 2018 annual report of Kaufman Chemicals, Inc. $988 $81

Question

The following is from the 2018 annual report of Kaufman Chemicals, Inc. $988 $818 $673 Change in net unrealized gains on investnents, net of tax of 31,19),and $22 in 2018,2017, and 2016, reapectively 44(27) 2 Total comprehensive income $1,030 $788 $703 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: 0182017 Shareholdersegity Conmon stock 9383 ,383 Additional paid-in espital Retained earninn Accumulated other comprehensive icone Total sharehoLders equity $1.179 17,781 Required: 4, From the information provided, determine how Kaufman calculated the $138 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e. 10,000,000 should be entered as to)) Prev 11 of 12 Next MacBook Pro 3 6 8 0 P commandoption

Explanation / Answer

Answer,

the requirement as asked. Figures are used from Annual Report part provided.

($ in millions) A Accumulated Other Comprehensive Income 2017 $                                     96.00 B Changes in Net Unrealized Gains on Investments $                                     44.00 C Changes in "Other" $                                     (2.00) D=A+B+(-C) Accumulated Other Comprehensive Income 2018 $                                   138.00

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