Dq Questions
February 28, 2021
P.H. Doctorate only
February 28, 2021

Need this in 30

5. (TCO C) 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? 
(Points : 20)

 
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