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Accumulated other comprehensive income is a subsection in equity where "other comprehensive income" is accumulated (summed or "aggregated"). The balance of AOCI is presented in the Equity section of the Balance Sheet as is the Retained Earnings balance, which aggregates past and current Earnings, and past and current Dividends.
Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses. These items are not part of net income, yet are important enough to ...
Each component of other comprehensive income classified by nature; Share of the other comprehensive income of associates and joint ventures accounted for using the equity method; Total comprehensive income; The following items must also be disclosed in the statement of comprehensive income as allocations for the period: (IAS 1.83)
Planning your budget based around your gross income is going to create issues as you should plan for your net income after taxes to be about 30% lower to be on the safe side — but it could be ...
Often, the term income is substituted for net income, yet this is not preferred due to the possible ambiguity. Net income is informally called the bottom line because it is typically found on the last line of a company's income statement (a related term is top line , meaning revenue , which forms the first line of the account statement).
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