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Does Accumulated Other Comprehensive Income (AOCI) include the OCI of the same year? Let's take the financial statements in December 2021 for example. The foreign
Does Accumulated Other Comprehensive Income (AOCI) include the OCI of the same year?
Let's take the financial statements in December 2021 for example. The foreign currency unrealized gains in the same year are 1000$. So OCI in December 2021 will include 1000$.
But will Accumulated Other Comprehensive Income (AOCI) on the balance sheet of December 2021 include those 1000$ too? Or will OCI of 2021 be transferred to AOCI only in 2022?
I have the same question for the retained earnings. Thank you.
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