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Other Comprehensive Income

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Abstract

Other comprehensive income contains all changes that are not permitted to be included in profit or loss. It is particularly valuable for understanding ongoing changes in the fair value of a company's assets.

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Notes

  1. 1.

    Murad Harasheh, Federica Doni, Maria Vittoria Franceschelli (2020): The Value Relevance of Other Comprehensive Income: Extensive Evidence from Europe, International Journal of Finance & Economics, Vol. 26, No. 3, pp. 3835–3851.

  2. 2.

    Denise A. Jones; Kimberly J. Smith (2011): Comparing the Value Relevance, Predictive Value, and Persistence of Other Comprehensive Income and Special Items, The Accounting Review, Vol. 86, No. 6, pp. 2047–2073.

  3. 3.

    For further analysis, see Chapter 24.

  4. 4.

    ASC 205-20-45-1B.

  5. 5.

    In addition to the presentation of changes in accumulated balances, an entity shall present separately for each component of other comprehensive income, current period reclassifications out of accumulated other comprehensive income and other amounts of current-period other comprehensive income.

References

  • ASC 205-20-45-1B.

    Google Scholar 

  • Denise A. Jones; Kimberly J. Smith (2011): Comparing the Value Relevance, Predictive Value, and Persistence of Other Comprehensive Income and Special Items, The Accounting Review, Vol. 86, No. 6, pp. 2047–2073.

    Google Scholar 

  • Murad Harasheh, Federica Doni, Maria Vittoria Franceschelli (2020): The Value Relevance of Other Comprehensive Income: Extensive Evidence from Europe, International Journal of Finance & Economics, Vol. 26, No. 3, pp. 3835–3851.

    Article  Google Scholar 

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Authors and Affiliations

  1. Fordham University, New York, NY, USA

    Felix I. Lessambo

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  1. Felix I. Lessambo
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Correspondence to Felix I. Lessambo .

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Lessambo, F.I. (2022). Other Comprehensive Income. In: Financial Statements. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-15663-2_13

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  • DOI: https://doi.org/10.1007/978-3-031-15663-2_13

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-15662-5

  • Online ISBN: 978-3-031-15663-2

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