Sheridan's by the Tracks has the following partial balance sheet: SHERIDAN'S...
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Accounting
Sheridan's by the Tracks has the following partial balance sheet:
| SHERIDAN'S BY THE TRACKS. Balance Sheet (partial) | |
| Stockholders equity: | |
| Common stock | $6080000 |
| Retained earnings | 2070000 |
| Total paid-in capital and retained earnings | 8150000 |
| Accumulated other comprehensive income | 815000 |
| Total stockholders equity: | $8965000 |
What effect will the accumulated other comprehensive income have on comprehensive income?
A. No effect on comprehensive income.
B. Increase of $815000 in comprehensive income.
C. Increase of $8965000 in comprehensive income.
D. Decrease of $815000 in comprehensive income.
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