Under current U.S.GAAP,unrealized gains and losses from four balance sheet items are reported in accumulated other comprehensive income or loss.Which of the following is not one of the balance sheet items?
A) Derivatives held as cash flow hedges
B) Deferred tax assets related to net operating loss carryforwards
C) Minimum pension obligations
D) Investment securities classified as available for sale

Question

Quizplus · Accepted Answer

Deferred tax assets related to net operating loss carryforwards are not a balance sheet item that are reported in accumulated other comprehensive income or loss under current U.S. GAAP. The other three options (derivatives held as cash flow hedges, minimum pension obligations, and investment securities classified as available for sale) are all balance sheet items that can result in unrealized gains and losses being reported in accumulated other comprehensive income or loss.

Under Current U