What would be the balance in Beresford's accumulated other comprehensive income with respect to these investments in its 12/31/2021 balance sheet (ignore taxes)

C) $10,400.

Explanation:

The Other comprehensive income account deals with those revenues, expenses and gains and losses that do not go to the Income Statement. One of those are the Available for sale securities.

The losses and gains of these securities are recorded under Accumulated Other Comprehensive Income (AOCI) because they are not yet realised and until they are, they will go here.

Foreign currency adjustments and derivative instruments generally end up here as well.

The only entry here that goes to the AOCI is the Available for Sale security. The amount that goes to the OCI is the gain over the cost of the security.

Security cost $140,000. At the end of 2021 it is worth $150,400.

The Gain to be recorded is;

= 150,400 - 140,000

= $10,400