Jack's by the Tracks What Effect Will the Unrealized Gain on Available for Sales

question 185

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 sales 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.