Which of the following should not be included in accumulated other comprehensive income?
A) Minimum pension liability
B) Currency translation adjustment
C) Gains and losses on derivatives and hedges
D) Unrealized gains and losses on trading securities
E) None of the above

Question

Quizplus · Accepted Answer

Unrealized gains and losses on trading securities are reported in the income statement and affect net income. They are not included in accumulated other comprehensive income, which typically includes items like minimum pension liability adjustments, currency translation adjustments, and gains and losses on derivatives and hedges that are not yet realized.

Which of the Following Should Not Be Included in Accumulated