Which of the following is not an acceptable way of displaying the components of other comprehensive income?
A) Combined statement of retained earnings.
B) One statement approach.
C) Two statement approach.
D) One or Two statement approach

Question

Quizplus · Accepted Answer

The combined statement of retained earnings only includes the components of net income and the changes in retained earnings. Other comprehensive income is typically displayed in a separate statement or as a part of the statement of comprehensive income. Therefore, option A is not an acceptable way of displaying the components of other comprehensive income. Choices B, C, and D are all acceptable ways of displaying the components of other comprehensive income.

Which of the Following Is Not an Acceptable Way of Displaying