Accumulated comprehensive income is income or loss that:
A) flows from the income statement.
B) is not shown on the income statement.
C) flows from the statement of cash flows.

Question

Quizplus · Accepted Answer

Accumulated comprehensive income includes items of income and loss that are not included in the net income on the income statement, such as unrealized gains and losses on certain types of investments, foreign currency translation adjustments, and certain pension adjustments.

Accumulated Comprehensive Income Is Income or Loss That