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

question 96

Multiple Choice

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

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