Determine the total comprehensive income determine the


Berkshire Hathaway, Inc., is a public company holding the investments of Warren Buffet, one of the wealthiest people in the world. Recent financial statements revealed the following:

Accumulated  other  comprehensive  income:

 

Unrealized  appreciation  of  investments

$ 2,599

Applicable  income  taxes

(905)

Reclassification  adjustment  for  appreciation

 

included  in  net  earnings

(1,569)

Applicable  income  taxes

549

Foreign  currency  translation  adjustments

140

Applicable  income  taxes

134

Minimum  pension  liability  adjustment

(38)

Applicable  income  taxes

3

Other

(34)

Other  comprehensive  income

$ 879

Net  earnings

$  7,308

Retained Earnings and Accumulated Other Comprehensive Income balances at the end of the year were $39,189 and $20,435, respectively.

a. Determine the total comprehensive income.

b. Determine the total other comprehensive income as a percent of comprehensive income for Berkshire Hathaway. Round to one decimal place. Discuss the meaning of this percent.

c. Why is unrealized appreciation (gain) included as part of other comprehensive income?

d. Why are the taxes for unrealized gains subtracted in determining other comprehensive income?

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Corporate Finance: Determine the total comprehensive income determine the
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