Solved: Net income128000realized gain on sale of available-for-sale, Business Management

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Net income128000realized gain on sale of available-for-sale

The following information is available for Irwin Company for 2018:

Net Income$128,000Realized gain on sale of available-for-sale debt securities11,000Unrealized holding gain arising during the period on available-for-sale debt securities38,000Reclassification adjustment for gains included in net income7,500

(a) Determine other comprehensive income for 2018.

Other comprehensive income

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Business Management: Net income128000realized gain on sale of available-for-sale

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Business Management: Net income128000realized gain on sale of available-for-sale

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