Where does Accumulated Other Comprehensive Income appear?
A) on the balance sheet in the shareholders' equity section
B) on the balance sheet in the long-term liabilities section
C) on the income statement after net income
D) on the balance sheet as a long-term asset

Question

Quizplus · Accepted Answer

Accumulated Other Comprehensive Income appears on the balance sheet in the shareholders' equity section as it represents unrealized gains and losses that are not included in net income.

Where Does Accumulated Other Comprehensive Income Appear