(Learning Objectives 1, 4: Explaining and analyzing other comprehensive income)

In-the-Box Retail Corporation reported shareholders’ equity on its balance sheet at December 31, as follows:

❙ Requirements 1. Identify the two components that typically make up other comprehensive income.

2. For each component of accumulated other comprehensive income, describe an example that can cause a positive fi gure and another example that can cause a negative fi gure.