Question

8. Move on to the Accumulated Other Comprehensive Income/ (Loss) column. The total change is $407 mil Comprehensive Income. To find the break-down of the $407 mil go to the Consolidated Statement of Comprehensive Income. Remember there are four items that are charged to Other I'll do the foreign currency translation adjustment Date Accounts Debit Credit Other comprehensive loss-foreign currency Payables-(accounts payable) 523 523 You do the marketable securities adjustment. (4 points) Date Accounts Debit Credit I'll take the derivatives adjustment as well, although we are just 2 weeks away from learning this. I will make the adjustment to marketable securities Date Accounts Debit Credit 183 Marketable Securities Other comprehensive income-Derivatives 183 Lastly, we have the pension adjustment. The pension liability is included under "Other liabilities and deferred revenue." Date Accounts Debit Credit

Answer 1

8.
Adjustment entries for the items charged to Other Comprehensive Income/(Loss)
Given in the problem
Foreign Currency translation adjustment
Date	Accounts	Debit	Credit
	Other comprehensive loss - foreign currency	523
	Payable - (accounts payable)		523
Derivatives adjustment
Date	Accounts	Debit	Credit
	Marketable Securities	183
	Other comprehensive income - derivatives		183
Entries done by us
Marketable Securities adjustment
Date	Accounts	Debit	Credit
	Other comprehensive loss - Marketable securities	11
	Marketable Securities		11
Pension Adjustment
Date	Accounts	Debit	Credit
	Other comprehensive loss - Pension liability	56
	Other liabilities and defferred revenue		56