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The following information relates to Stellar Co. for the year ended December 31,2025 : net income million; unrealized
holding loss of million related to available-for-sale debt securities during the year; accumulated other comprehensive income
of million on December 31, 2024. Assuming no other changes in accumulated other comprehensive income.
Determine (a) other comprehensive income for 2025, (b) comprehensive income for 2025, and © accumulated other comprehensive
income at December 31, 2025. (Enter answers in millions to 2 decimal places, e.g. 25.25. Enter loss using either a negative sign preceding the
number e.g. -45.2 or parentheses e.g. (45.2).)
(a) Other comprehensive income (loss) for 2025
(b) Comprehensive income for 2025
© Accumulated other comprehensive income million

Ask by Mathis Munoz. in the United States
Nov 04,2024

Upstudy AI Solution

Tutor-Verified Answer

Answer

(a) Other Comprehensive Income (Loss) for 2025: -10.30 million
(b) Comprehensive Income for 2025: 1,127.70 million
© Accumulated Other Comprehensive Income at December 31, 2025: 41.80 million

Solution

To determine the required values for Stellar Co. for the year ended December 31, 2025, we will follow these steps:

(a) Other Comprehensive Income (Loss) for 2025

The only item affecting other comprehensive income is the unrealized holding loss related to available-for-sale debt securities, which is given as million.
Thus, the other comprehensive income (loss) for 2025 is:

(b) Comprehensive Income for 2025

Comprehensive income is calculated as the sum of net income and other comprehensive income (loss).
Given:
  • Net Income = million
  • Other Comprehensive Income (Loss) = million
Now, we can calculate comprehensive income:

© Accumulated Other Comprehensive Income at December 31, 2025

Accumulated other comprehensive income at the end of the year is calculated by adding the other comprehensive income (loss) for the year to the accumulated other comprehensive income at the beginning of the year.
Given:
  • Accumulated Other Comprehensive Income on December 31, 2024 = million
  • Other Comprehensive Income (Loss) for 2025 = million
Now, we can calculate the accumulated other comprehensive income at December 31, 2025:

Summary of Results

(a) Other Comprehensive Income (Loss) for 2025: (10.30) million
(b) Comprehensive Income for 2025: 1,127.70 million
© Accumulated Other Comprehensive Income at December 31, 2025: 41.80 million

Answered by UpStudy AI and reviewed by a Professional Tutor

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Beyond the Answer

To answer your questions regarding Stellar Co.'s financials for the year ended December 31, 2025, we can perform the following calculations:
(a) Other comprehensive income (loss) for 2025:
The unrealized holding loss of million related to available-for-sale debt securities is the only component affecting the other comprehensive income. Therefore, the other comprehensive income (loss) for 2025 is:
(b) Comprehensive income for 2025:
Comprehensive income combines net income and other comprehensive income. Thus, to find the comprehensive income:
© Accumulated other comprehensive income at December 31, 2025:
To compute this, we take the accumulated other comprehensive income as of December 31, 2024, and add the other comprehensive income (loss) for 2025:
Thus, the answers are:
(a) Other comprehensive income (loss) for 2025:
(b) Comprehensive income for 2025:
© Accumulated other comprehensive income at December 31, 2025:

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