Business, 24.03.2021 17:20 Chloe1414

The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31

2021 2020 2019
Net income $856 $686 $541
Other comprehensive income:
Change in net unrealized gains on AFS investments, net of
tax of $18, ($16), and $16 in 2021, 2020, and 2019, respectively 30 (24) 26
Other (3) (2) 2
Total comprehensive income $883 $660 $569

Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders' equity as follows:

($ in millions )
2021 2020
Shareholders' equity:
Common stock 375 375
Additional paid-in capital 8979 8979
Retained earnings 8059 7503
Accumulated other comprehensive income 125 88
Total shareholders' equity $17,538 $16,945

Required:
From the information provided, determine how Kaufman calculated the $125 million accumulated other comprehensive income in 2021.

Answers: 2

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The following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensiv...

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