What of the following statements about Accumulated Other Comprehensive Income (Loss)is not correct?
A) Accumulated Other Comprehensive Income (Loss) reports unrealized gains and losses, which are temporary changes in the value of certain assets and liabilities the company holds.
B) Accumulated Other Comprehensive Income (Loss) can relate to pensions, foreign currencies, and financial investments.
C) Accumulated Other Comprehensive Income (Loss) is a component of stockholders' equity.
D) Accumulated Other Comprehensive Income (Loss) is reported on the income statement.

Question

Quizplus · Accepted Answer

Accumulated Other Comprehensive Income (Loss) is not reported on the income statement. It is reported in the stockholders' equity section of the balance sheet.

What of the Following Statements About Accumulated Other Comprehensive Income