What is included in other comprehensive income?
Not what you're looking for?
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.
Purchase this Solution
Solution Summary
This solution discusses other comprehensive income in 249 words.
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 ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Operations Management
This quiz tests a student's knowledge about Operations Management
Social Media: Pinterest
This quiz introduces basic concepts of Pinterest social media