Gerardo Company Had a Net Income of $75,000, and Other

question 86

Essay

Gerardo Company had a net income of $75,000, and other comprehensive income of $12,500 for 2012. On January 1, 2012, the Retained Earnings balance was $525,000 and the Accumulated Other Comprehensive Income balance was $55,000. Determine the (a) comprehensive income for 2012, (b) Retained Earnings balance on December 31, 2012, and (c) the Accumulated Other Comprehensive Income on December 31, 2012.

---

Definitions:

Stress

A physical, mental, or emotional factor causing bodily or mental tension, which can arise from any event or thought that makes you feel frustrated, angry, or nervous.

Homework Assignments

Tasks assigned to students by their teachers to be completed outside of class, intended to reinforce learning, enhance skills, or prepare for future lessons.

Maturational Stress

Psychological stress experienced during major life transitions or developmental stages.

Preadolescent Patient

A child typically between the ages of 9 and 12, who is in the developmental stage just before adolescence.