Example: Calculating comprehensive income
Calculate comprehensive income for Triple C Corporation using the selected financial
statement data found in the following table.
Triple C Corporation — Selected Financial Statement Data
Net income
$1,000
Dividends received from available-for-sale securities
60
Unrealized loss from foreign currency translation
(15)
Dividends paid
(110)
Reacquire common stock
(400)
Unrealized gain from cash flow hedge
30
Unrealized loss from available-for-sale securities
(10)
Realized gain on sale of land
65
Answer:
Net income
$1,000
Unrealized loss from foreign currency translation
(15)
Unrealized gain from cash flow hedge
30
Unrealized loss from available-for-sale securities
(10)
Comprehensive income
$1,005