Accumulated other comprehensive income is reported:
A. In the balance sheet as an asset.
B. In the balance sheet as a liability.
C. In the balance sheet as a component of shareholders' equity.
D. In the statement of comprehensive income.
Answer: C
Accumulated other comprehensive income is reported:
A. In the balance sheet as an asset.
B. In the balance sheet as a liability.
C. In the balance sheet as a component of shareholders' equity.
D. In the statement of comprehensive income.
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