FINANCIAL ACCOUNTING: TOOL
FINANCIAL ACCOUNTING: TOOL
9th Edition
ISBN: 9781119598305
Author: Kimmel
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter AH, Problem 16Q
To determine

Accumulated other comprehensive income: It refers to an account which includes the income and losses that are not reported in the income statement. It includes the unrealized gains and losses from the other comprehensive income accumulated over current and prior periods. It is reported on the balance sheet as a separate component “accumulated other comprehensive income” under stockholders’ equity section.

To explain: the reporting of the accumulated other comprehensive loss on the balance sheet.

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