Question
A) What is the rationale to report other comprehensive income (OCI) separate from net income and present separately as part of stockholders' equity? More specifically,
A) What is the rationale to report other comprehensive income (OCI) separate from net income and present separately as part of stockholders' equity? More specifically, explain what attributes of OCI might result in the current accounting treatment for OCI. You should offer at least two features and explain why they should be attributes that require such treatment.
Related to question a), do you think the current accounting standard (a separate presentation from net income as part of stockholders' equity, No Earnings Per Share (EPS) for OCI, etc.) is appropriate? If so, explain why. If not, what accounting treatment for OCI do you propose? Support your proposal.
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