Teton, Inc

Multiple Choice

Teton, Inc., reported a net gain of $41,400 on its foreign assets due to the weakening of the U.S. dollar in 2017. In the same year, the company disclosed gains of $958,800 on its derivatives and hedges and a $112,800 unrealized gain on its trading securities. The company also reported a $556,200 loss on the sale of some equipment.
Which of the following best describes the impact of these transactions on Teton, Inc.'s accounts?

A) $1,113,000 increase to net income.
B) $1,000,200 increase to accumulated other comprehensive income.
C) $1,000,200 increase to net income.
D) $ 154,200 increase to accumulated other comprehensive income.
E) None of the above