Accumulated comprehensive income
A)Reports items included in net income which are excluded from comprehensive income.
B)Reports items included in comprehensive income which are excluded from net income.
C)Is reported on the balance sheet as part of total assets.
D)Is reported on the balance sheet in the "mezzanine" section between liabilities and stockholders' equity.

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Therefore, it reports items that are not included in net income but are part of comprehensive income, such as unrealized gains and losses on available-for-sale securities.

Accumulated Comprehensive Income