Question
1. What is the function of the accounts Other adjustments to other comprehensive income that may be reclassified to profit or loss, before tax and
1. What is the function of the accounts “Other adjustments to other comprehensive income that may be reclassified to profit or loss, before tax” and “Other adjustments to other comprehensive income that may be reclassified to profit or loss, after tax”?
2. Why do companies with different natures sometimes have these accounts and sometimes they don't?
Step by Step Solution
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1 Other Comprehensive Income refers to items of income and expenses that are not recognized as a part of the profit and loss account This Income appea...
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
