Jack's by the Tracks has the following partial balance sheet: JACKS BY THE TRACKS.
Balance Sheet (partial)
Stockholders' equity:
$\begin{array}{lr}
\text { Common stock } & \$ 6,000,000 \
\text { Retained earnings } & 2,000,000 \
\text { paid-in capital and retained earnings } & 8,000,000 \
\text { Accumulated other comprehensive income } & 800,000 \
\text { Total stockholders' equity: } & \$ 8,800,000
\end{array}$ What effect did the accumulated other comprehensive income have on comprehensive income?

Question

Quizplus · Accepted Answer

Accumulated other comprehensive income of $800,000 increases comprehensive income by that amount.

Jack's by the Tracks Has the Following Partial Balance Sheet