The following is from the 2018 annual report of Kaufman Chemicals, Inc.: Stateme

Question

The following is from the 2018 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December 31 Net income Other comprehensive income: Change in net unrealized gains on investments, net of tax of 2018 $823 2017 $653 2016 $508 27 $15, ($13), and $13 in 2018, 2017, and 2016, respectively Other (20) Total comprehensive income $848 $632 $532 Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders equity as follows ( in millions) 2018 2017 Shareholders' equity: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive income 315 7,868 6,948 91 315 7,868 6,392 Total shareholders' equity $15,222 $14,641 Required: 4. From the information provided, determine how Kaufman calculated the $91 million accumulated other comprehensive income in 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) ($ in millions) Accumulated other comprehensive income, 2017 Change in net unrealized gains on investments Change in "other" Accumulated other comprehensive income, 2018

Explanation / Answer

Accumulated other comprehensive income, 2017 66 Change in unrealized gains on Investments 27 Change in 'others' (2) Accumulated other comprehensive income, 2018 91

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