Solution-What would sky report as its ending balance of

What would sky report as its ending balance of accumulated

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Question - For the year ended December 31, 201X, Sky Inc. reported the following.

Net income	$65,000
Preferred dividends declared,	$20,000
Common dividend declared,	$3,000
Unrealized holding loss, net of tax; - Available-For-Sale-Securities	$2,000
Retained earnings	$80,000
Common stock,	$40,000
Accumulated Other Comprehensive Income, Beginning Balance	5,000

What would Sky report as its ending balance of accumulated other comprehensive income?

Reference no: EM132066081

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What would sky report as its ending balance of accumulated

Reference no: EM132066081

Reference no: EM132066081

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