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Other Comprehensive Income

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Describe three specific items that are "nonowner sources" included as Other Comprehensive Income.

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Solution Summary

This solution describes three specific items that are "nonowner sources" included as Other Comprehensive Income.

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Other Comprehensive Income

Definition: all changes in the shareholder's equity EXCEPT those changes that occur due to owner's transactions. It is the net effect of any accounting transaction that does not show up on an income statement and are instead recognized directly in equity.

Examples:
Gains and/or losses on securities available for sale. A ...

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