Check out our NEW line of Home Care products from Bayes & Odor Assassin in our Cleaning Supplies Sections. We are an authorized independent dealer of Kirby vacuum bags and parts. All of our Kirby supplies are purchased from an authorized Kirby vacuum parts distributor. The Kirby company website address is www.kirby.com.
Accumulated other comprehensive income is a general ledger account that is classified within the equity section of the balance sheet. It is used to accumulate unrealized gains and unrealized losses on those line items in the income statement that are classified within the other comprehensive income category.
Comprehensive income is the sum of net income and other comprehensive income. If the result is negative, your company has a comprehensive loss for the period. Other comprehensive income arises from non-operational gains and losses you have yet to recognize because the underlying transactions are still open. Examples include gains and losses on securities classified as available for sale, foreign currency translation and pension plans.