Boey Company reported net income of $25,000 in 2018. Ithad the following amounts related to its pension plan in2018: Actuarial liability gain $10,000; Unexpected assetloss $14,000; Accumulated other comprehensive income(G/L) (beginning balance), zero. Determine for 2018(a) Boey’s other comprehensive income, and (b) comprehensiveincome.
Boey Company reported net income of $25,000 in 2018. It
had the following amounts related to its pension plan in
2018: Actuarial liability gain $10,000; Unexpected asset
loss $14,000; Accumulated other comprehensive income
(G/L) (beginning balance), zero. Determine for 2018
(a) Boey’s other comprehensive income, and (b) comprehensive
income.
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