Which of the following would likely be classified as other comprehensive income (OCI)?
A) Share of profit/loss of joint ventures accounted for using the equity method
B) Foreign currency translation gains/losses
C) Tax expense
D) Impairment losses

Question

Quizplus · Accepted Answer

Foreign currency translation gains/losses are typically classified as other comprehensive income (OCI) because they represent adjustments to the financial statements that are not realized through normal operations and are not included in net income until the related foreign operation is sold or otherwise disposed of.

Which of the Following Would Likely Be Classified as Other