#24 Other Comprehensive Income

Question 1

Is the following reported in Net Income or Other Comprehensive Income?

Unrealized gain or loss on equity securities carried at fair value.

Answer 1

Net Income.

Only unrealized gains/losses on AFS debt securities are reported in other comprehensive income.

Question 2

What are the four items of other comprehensive income?

Answer 2

1. Minimum additional pension liability adjustment.
2. Unrealized gains/losses on debt investments classified as AFS.
3. Gains/losses resulting from foreign currency translations.
4. Gains/losses on the effective portion of cash flow hedges.