1.securities of $15,000. The ending balance in accumulated other comprehensive income is:

Question

Quizplus · Accepted Answer

The question provides us with the beginning balance of accumulated other comprehensive income and the changes during the year. We need to add the beginning balance of $250,000 to the other comprehensive income for the year of $25,000 and subtract the unrealized gains on securities of $0. This gives us an ending balance in accumulated other comprehensive income of $275,000 (250,000 + 25,000 - 0). Therefore, the correct answer is C, $275,000.

1Securities of $15,000