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

question 32

Multiple Choice

Jack's by the Tracks has the following partial balance sheet: $\begin{array}{c}\text { JACK'S BY THE TRACKS }\\\text { Balance Sheet (partial) }\\\begin{array}{lr}\text { Stockholders' Equity: }\\\text { Common Stock } & \$ 6,000,000 \\\text { Retained Earnings } & 2,000,000\\\text { Total Paid-in capital and retained earnings } & 8,000,000 \\\text { Add: Unrealized gain on available-for-sale securities } & 800,000 \\\text { Total Stockholders' Equity: }&\$8,800,000\end{array}\end{array}$ What effect will the unrealized gain on available-for-sale securities have on comprehensive income?

• A) No effect on comprehensive income.
• B) Increase of $800,000 in comprehensive income.
• C) Increase of $8,800,000 in comprehensive income.
• D) Decrease of $800,000 in comprehensive income.

---

Definitions:

Labour-Management Relationships

The dynamics and interactions between employees, particularly those represented by unions, and their employers.

Union Grievances

Formal complaints raised by unions on behalf of their members regarding violations of contract terms or workplace policies.

Collective Agreements

Legally binding agreements between employers and a group of employees, often negotiated by unions, setting terms of employment.

Industrial Unions

Unions that organize workers across various trades and industries according to the industry in which they work.