A company reports using IFRS. It reports OCI of $20,000 composed of the following: A decrease in
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- A company reports using IFRS. It reports OCI of $20,000 composed of the following: A decrease in the unrealized holding loss on securities available for sale of $10,000, a translation gain of $12,000, and an increase in the revaluation surplus of $18,000.
a. In its disclosures, what amount will be reported for OCI that will subsequently be included in profit and loss (i.e. income statement)?
b. In its disclosures, what amount will be reported for OCI that will not subsequently be included in profit and loss?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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