A company failed to record unrealized gains of $21 million on its debt investments classified as trading securities. Its tax rate is 25%. As a result of this error, total shareholders' equity would be (Round million answer to 2 decimal places.): A company failed to record unrealized gains of $23 million on its available for sale debt security investments. Its tax rate is 30%. As a result of this error, comprehensive income would be (Round million answer to 2 decimal places.): Due to an error in computing depreciation expense, Crote Corporation understated accumulated depreciation by $58 million as of December 31, 2018. Crote has a tax rate of 30%. Crote's retained earnings as of December 31, 2018, would be (Round million answer to 2 decimal places.):

The balance of retained earnings, which is a component of shareholders' equity, will rise as a result of unrealized gains (net of taxes). Retained earnings are understated if unrealized gains are not reported.

Tax-adjusted unrealized gains equal unrealized gains. Taxes are $21 million; 25% of that amount is $26 million; $19.5 million less $21 million equals $19.50 million.

What does equity actually mean?

According to the dictionary, equity is "anything that is fair and just" or "the attribute of being fair or unbiased; fairness; impartiality."

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