According to FASB Statement of Financial Accounting Standards No 130,Reporting Comprehensive Income,companies are required to include

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According to FASB Statement of Financial Accounting Standards No 130, companies are required to include an owner's equity account titled "Accumulated Other Comprehensive Income" on the balance sheet. This account represents the cumulative amount of unrealized gains and losses that have not been recognized in the income statement. The purpose of including this information is to provide a more comprehensive view of the company's financial performance and position. The other answer choices are incorrect because long-term debt accounts are not used to record comprehensive income.