The following is an excerpt from a disclosure note from the

The following is an excerpt from a disclosure note from the 2016 annual report of Kaufman Chemicals, Inc.:

Kaufman reports accumulated other comprehensive income in its balance sheet as a component of shareholders\' equity as follows:

From the information provided, determine how Kaufman calculated the $96 million accumulated other comprehensive income in 2016.

Solution

Acumulated other comprehensive income:

Beginning balance                           = 70

add change in net unrealized

     gains on investments, net of tax           = 28

less other                                                           (2)

Ending balance                                             = 96