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18) Accumulated Other Comprehensive Income | 12 Months Ended
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Dec. 31, 2019
Notes |
18) Accumulated Other Comprehensive Income | `18)```Accumulated Other Comprehensive Income The following summarizes the changes in accumulated other comprehensive income:
|  | December 31
|  | 2019 |  | 2018
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01) for equity securities |  | $ - |  | $ (603,170)
Unrealized gains on fixed maturity securities available for sale |  | 17,315,770 |  | -
Reclassification adjustment for net realized gains in net income |  | - |  | -
Net unrealized gains before taxes |  | 17,315,770 |  | -
Tax expense |  | (3,636,311) |  | -
Net |  | 13,679,459 |  | -
Unrealized gains on restricted assets (1) |  | 35,550 |  | -
Tax expense |  | (8,856) |  | -
Net |  | 26,694 |  | -
Unrealized gains on cemetery perpetual care trust investments (1) |  | 29,904 |  | -
Tax expense |  | (7,449) |  | -
Net |  | 22,455 |  | -
Unrealized gains for foreign currency translations adjustments |  | 972 |  | (3,761)
Tax expense |  | (243) |  | 938
Net |  | 729 |  | (2,823)
Other comprehensive income changes |  | $ 13,729,337 |  | $ (605,993)
_______________ |  |  |  |
(1) Fixed maturity securities available for sale |  |  |  |
The following is the accumulated balances of other comprehensive income as of December 31, 2019:
|  | Beginning Balance December 31, 2018 |  | Change for the period |  | Ending Balance December 31,2019
Unrealized gains on fixed maturity securities available for sale |  | $ - |  | $ 13,679,459 |  | $ 13,679,459
Unrealized gains on restricted assets (1) |  | - |  | 26,694 |  | 26,694
Unrealized gains on cemetery perpetual care trust investments (1) |  | - |  | 22,455 |  | 22,455
Foreign currency translation adjustments |  | (2,823) |  | 729 |  | (2,094)
Other comprehensive income (loss) |  | $ (2,823) |  | $ 13,729,337 |  | $ 13,726,514
(1) Fixed maturity securities available for sale |  |  |  |  |  |
The following is the accumulated balances of other comprehensive income as of December 31, 2018:
|  | Beginning Balance December 31, 2017 |  | Change for the period |  | Ending Balance December 31,2018
Unrealized gains on equity securities, restricted assets and cemetery perpetual care trust investments |  | $ 603,170 |  | $ (603,170) | (1) | $ -
Foreign currency translation adjustments |  | - |  | (2,823) |  | (2,823)
Other comprehensive income (loss) |  | $ 603,170 |  | $ (605,993) |  | $ (2,823)
(1) Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-01)

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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