Multiple Choice
Accumulated Other Comprehensive Income
A) is a shareholders' equity account that acts for other comprehensive income the way retained earnings acts for net income.
B) equals net income plus other comprehensive income.
C) includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business.
D) Firms close amounts in net income for a period to Accumulated Other Comprehensive Income at the end of the period.
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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