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Wellington declared cash dividends of 20000 in year 2 for

Question - The comparative balance sheets for Wellington Inc. reported the following information at December 31, year 1 and year 2:

	December 31
	Year 2	Year 1
Retained earnings	$210,000	$140,000
Accumulated other comprehensive income	$30,000	$35,000

Wellington declared cash dividends of $20,000 in year 2. The decrease in accumulated other comprehensive income for year 2 was due to unrealized losses on available-for-sale securities. For the year ended December 31, year 2, what was Wellington's comprehensive income?

$95,000

$85,000

$90,000

$65,000

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Accounting Basics: Wellington declared cash dividends of 20000 in year 2 for

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Accounting Basics: Wellington declared cash dividends of 20000 in year 2 for

Reference No:- TGS02814377

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