The following is from the 2018 annual report of Kaufman Chemicals, Inc: Statemen

Question

The following is from the 2018 annual report of Kaufman Chemicals, Inc: Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income: Change in net unrealized gains on investments, net of tax of 2018 $801 2017 $631 2016 $486 25 $13, ($11), and $11 in 2018, 2017, and 2016, respectively Other 20 2 $508 (18) Total comprehensive income $823 $612 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows (S in millions) 2018 2017 Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income 305 7,666 6,190 62 $14, 801 $14,223 305 7,666 6,746 8 4 Total shareholders' equity Required 4. From the information provided, determine how Kaufman calculated the $84 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) $ in millions) Accumulated othe r comprehensive income, 2017 nvestments Change in net unrealized gains oni Change in "other" Accumulated other comprehensive income, 2018

Explanation / Answer

Particulars ( in millions) Accumulated other comprehensive income,2017 62 Change in net unrealized gain on investments 25 Change in others -3 Accumulated other comprehensive income 84

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