Question

The following is from the 2018 annual report of Kaufman Chemicals, Inc. Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income Change in net unrealized gains on investments, net of tax of 2018 $845 $675 $53 2017 2816 17, ($15), and $15 in 2018, 2817, and 2816, respectively other 28 (22) 25 Total comprehensive income $871 $651 $556 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows: ($ in millions) Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income 325 8,870 7,150 96 325 8,870 6,594 70 Total shareholders equity $15,641 515,059 Required: 4. From the information provided, determine how Kaufman calculated the $96 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) (S in millions) Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in "other Accumulated other comprehensive income, 2018

Answer 1