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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.
In fact, the term Net Other Income as the net result of this category is a misnomer and misleading as it focuses only only the income side of this mixed bucket. The category of Other Expense/Income is good and needs to be there outside of the regular line items. Suggest that QB changes this term to Net Result Other Expense/Income or Balance Other Expense/Income or Net Other Expense/Income. And then the negative or positive amounts also make sense. jheybroek Ã