The term used to describe the equity section of the balance sheet that reports the effect on equity that results from market-related gains and losses that are NOT included in the computation of net income is

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Accumulated other comprehensive income (AOCI) is the term used to describe the equity section of the balance sheet that reports market-related gains and losses that are not included in the computation of net income. These gains and losses include items such as unrealized gains and losses on available-for-sale securities, foreign currency translation adjustments, and pension plan adjustments. AOCI is reported as a separate component of equity on the balance sheet, and it is accumulated over time as a running total of these market-related gains and losses.

The Term Used to Describe the Equity Section of the Balance