Under IFRS the following account is included in the shareholders equity section of the balance sheet
A) Other Comprehensive Income.
B) Accumulated Other Comprehensive Income.
C) Contributed Comprehensive Income.
D) Retained Comprehensive Income.

Question

Quizplus · Accepted Answer

Under IFRS, Accumulated Other Comprehensive Income is included in the shareholders' equity section of the balance sheet. It represents certain gains and losses that are not included in net income but instead are recorded directly in equity until they are realized.

Under IFRS the Following Account Is Included in the Shareholders