Accumulated comprehensive income or loss is the same thing as accumulated earnings.

Question

Quizplus · Accepted Answer

Accumulated comprehensive income or loss includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, whereas accumulated earnings (or retained earnings) specifically refer to the cumulative amount of net income minus any net losses and dividends declared over the life of a company. Comprehensive income encompasses a broader range of items, including unrealized gains and losses on certain types of investments, foreign currency translation adjustments, and certain pension adjustments, in addition to net income.

Accumulated Comprehensive Income or Loss Is the Same Thing as Accumulated