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Question:
The company’s comprehensive income for the year is closest to:
A
$300,000.
explanation
Beginning shareholders’ equity + Net income + Other comprehensive income – Dividends declared = Ending shareholders’ equity.
Other comprehensive income = 1,575,000 + 75,000 – 250,000 − 1,350,000 = 50,000
Comprehensive income = Other comprehensive income + Net income = $300,000
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