Abstract
Other comprehensive income contains all changes that are not permitted to be included in profit or loss. It is particularly valuable for understanding ongoing changes in the fair value of a company’s assets.
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- 1.
ASC 205-20-45-1B.
- 2.
In addition to the presentation of changes in accumulated balances, an entity shall present separately for each component of other comprehensive income , current period reclassifications out of accumulated other comprehensive income , and other amounts of current period other comprehensive income .
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Lessambo, F.I. (2018). Other Comprehensive Income. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-99984-5_13
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DOI: https://doi.org/10.1007/978-3-319-99984-5_13
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Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-99983-8
Online ISBN: 978-3-319-99984-5
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