Question
When Other Comprehensive Income is a loss, how is Comprehensive Income calcluated? How does a Loss in OCI affect Accumulated Other Comprehensive Income (AOCI) For
When Other Comprehensive Income is a loss, how is Comprehensive Income calcluated?
How does a Loss in OCI affect Accumulated Other Comprehensive Income (AOCI)
For example, I have the following
Net Income: $3,000
Other Comprehensive Income (Loss): $100
Comprehensive Income: $3,100
if the formula for comprehensive income is: net income - OCI, why wouldnt comprehensive income be 2900)
how does this affect AOCI? Is the change in AOCI on the balance sheet between 2 years going to equal the amount of OCI always?
please answer all!
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Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice
Authors: Mcgraw-Hill
5th Edition
0070099995, 978-0070099999
