OCI is reported as part of Equity on the balance sheet. It i
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OCI is reported as part of equity on the balance sheet. It is important to remember that OCI should be shown as a separately stated item. Often I will see a report the net amount of R/E without showing the details. Please share your comments about this.
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This solution discusses OCI being reported as part of equity on a balance sheet.
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Other Comprehensive Income is shown in the company's financial statements, and the accumulated OCI amount becomes part of the balance sheet. The comprehensive income incorporates two elements - net income, and OCI. By reporting it on an accumulated basis, we stay consistent with the same way that net income is reported. It is reported in it's current amount on the income statement, and ...
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