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Reinsch Company reported the following amounts (in euros) in 2014: Net income, €150,000;
Unrealized gain related to revaluation of buildings, €10,000; and Unrealized loss on nontrading
securities, €(35,000). Determine Reinsch’s total comprehensive income for 2014.
Solution
Total comprehensive income= Net income (150000) + Gain on Revaluation (10000 )- Loss on
Non trading (35000)
= 125000 Euro

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Reinsch Company reported the following amounts (in euros) in 2014 N.pdf

  • 1. Reinsch Company reported the following amounts (in euros) in 2014: Net income, €150,000; Unrealized gain related to revaluation of buildings, €10,000; and Unrealized loss on nontrading securities, €(35,000). Determine Reinsch’s total comprehensive income for 2014. Solution Total comprehensive income= Net income (150000) + Gain on Revaluation (10000 )- Loss on Non trading (35000) = 125000 Euro