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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)

 

Paper#75138 | Written in 18-Jul-2015

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