Business
Business, 26.06.2020 15:01, kassandrarosario1115

he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 2021 2020 2019 Net income $ 790 $ 620 $ 475 Other comprehensive income: Change in net unrealized gains on AFS investments, net of tax of $12, ($10), and $10 in 2021, 2020, and 2019, respectively 24 (17 ) 18 Other (1 ) (1 ) 2 Total comprehensive income $ 813 $ 602 $ 495 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) 2021 2020 Shareholders’ equity: Common stock 300 300 Additional paid-in capital 7,565 7,565 Retained earnings 6,645 6,089 Accumulated other comprehensive income 83 60 Total shareholders’ equity $ 14,593 $ 14,014 Required: 4. From the information provided, determine how Kaufman calculated the $83 million accumulated other comprehensive income in 2021. (Negative amount should be indicated by a minus sign. Enter your answers in millions (i. e., 10,000,000 should be entered as 10).)

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he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive...

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