Discover new information and insights with the help of IDNLearn.com. Ask anything and receive prompt, well-informed answers from our community of experienced experts.
When Other Comprehensive Income is a loss, how is Comprehensive Income calculated? How does a Loss in OCI affect Accumulated Other Comprehensive Income (AOCI) For example, I have the following Net Income: $3,000 Other Comprehensive Income (Loss): $100 Comprehensive Income: $3,100 if the formula for comprehensive income is: net income - OCI, why wouldn't comprehensive income be 2900). How does this affect AOCI? Is the change in AOCI on the balance sheet between 2 years going to equal the amount of OCI always?
Sagot :
We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.
