Explore BrainMass

Explore BrainMass

    What is included in other comprehensive income?

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What is included in other comprehensive income? Why are items included in other comprehensive income, but not included in net income? Should these items be included in net income, or not included at all? Explain your answer.

    © BrainMass Inc. brainmass.com March 4, 2021, 10:05 pm ad1c9bdddf
    https://brainmass.com/business/international-finance/what-is-included-in-other-comprehensive-income-298570

    Solution Preview

    Other comprehensive income is in response to the limitations of the income statement in presenting fully the results of the company's operations. Some of these limitations include the omission from income statement items that cannot be measured reliably, impact of accounting methods and principle used on income figures, and income measurements involved judgment.

    OCI is not reported as ...

    Solution Summary

    This solution discusses other comprehensive income in 249 words.

    $2.49

    ADVERTISEMENT