The cumulative effects of other comprehensive income items may be reported separately from retained earnings and paid-in capital, on the balance sheet, as accumulated other comprehensive income.

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This statement is true. According to US GAAP, accumulated other comprehensive income may be reported separately from retained earnings and paid-in capital on the balance sheet. This allows users of financial statements to better understand the nature and impact of certain items that do not flow through the income statement, such as gains or losses on available-for-sale securities or foreign currency translation adjustments.

The Cumulative Effects of Other Comprehensive Income Items May Be