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Both USGAAP and IFRS Require Firms to Report the Cumulative Effect

Question 77

Multiple Choice

Both U.S.GAAP and IFRS require firms to report the cumulative effect of other comprehensive income in a balance sheet account called Accumulated

A) Comprehensive Income.
B) Net Comprehensive Income.
C) Other Comprehensive Income.
D) Comprehensive Net Income.
E) None of the above.

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