Verizon Communications Inc

Short Answer

Verizon Communications Inc. reported the following in its 2016 statement of shareholders' equity.
Required:
a. In general, what is "Accumulated other comprehensive income (loss)"?
b. Explain each of the following components of Verizon's accumulated other comprehensive income account:
• Foreign currency translation adjustment
• Unrealized losses on marketable securities
• Defined benefit pension and postretirement plans
c. If the U.S. $ weakens in 2017 vis-à-vis the foreign currency of Verizon's foreign subsidiaries, what will be the effect on the foreign currency translation adjustment?