I like the OCI statement

“Learn the rules like a pro, so you can break them like an artist.” Pablo Picasso There are five main financial statements in financial accounting: Balance sheet Income statement Statement of cash flows Statement of stockholder’s equity Statement of comprehensive income The first three have a special emphasis in the intermediate accounting textbook that we […]

Realized and unrealized gains and losses on the income statement vs OCI statement

Here is a table I made to show students where realized and unrealized gains and losses are reported. This table could be used when teaching the following chapters in the Spiceland Intermediate Accounting textbook (10th edition): Chapter 4: the Income Statement, Comprehensive Income, and the Statement of Cash Flows Chapter 12: Investments Chapter 17: Pensions […]

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