International Financial Reporting Standards require Canadian publicly accountable enterprises to report Accumulated Other Comprehensive Income (Loss). This equity item reflects the financial effect of events that cause changes in shareholders' equity other than investments by shareholders or distributions to shareholders.

Question

Quizplus · Accepted Answer

This statement is true. International Financial Reporting Standards require Canadian publicly accountable enterprises to report Accumulated Other Comprehensive Income (Loss) as an equity item to reflect the financial effect of events that cause changes in shareholders' equity other than investments by shareholders or distributions to shareholders.

International Financial Reporting Standards Require Canadian Publicly Accountable Enterprises to Report