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How is accumlated other comprehensive income reported? In rhe balance sheet as a component of retained...

How is accumlated other comprehensive income reported?

In rhe balance sheet as a component of retained earning

In the balance sheet as a component of sharholders equity

In the income statement

In the statement of comprehensive income

Solutions

Expert Solution

Accumulated other comprehensive income is reported In the balance sheet as a component of shareholders' equity
Accumulated other comprehensive income is reported as a separate line item under shareholders equity.
Accumulated other comprehensive income includes items such as foreign currency transaction gain/loss, unrealized gain/loss on securities.
Option B is correct

ekkarill92 answered 3 years ago
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