Accumulated Other Comprehensive Income is essentially a deferred credit which appears under the Liabilities section of the Balance Sheet.

Question

Quizplus · Accepted Answer

Accumulated Other Comprehensive Income is a component of shareholders' equity, not a liability, and it appears in the equity section of the balance sheet. It represents income, gains, and losses that have not been realized and are excluded from net income.

Accumulated Other Comprehensive Income Is Essentially a Deferred Credit Which