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Which of the following should not be included in accumulated other comprehensive income?Select one:A. Minimum pension liabilityB. Currency translation adjustmentC. Gains and losses on derivatives and hedgesD.
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Which of the following should not be included in accumulated other comprehensive income?Select one:A. Minimum pension liabilityB. Currency translation adjustmentC. Gains and losses on derivatives and hedgesD. Unrealized gains and losses on trading securitiesE. None of the above

User Kipzes
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Answer: Option D

Explanation: Other comprehensive income constitutes those expenses, losses, revenue and gains which are not included in net income as per the US GAAP or IFRS.

As per the guidelines of the US generally accepted principles Unrealized gains and losses on available for sale securities will be included in other comprehensive income while gains and losses from trading securities will be posted in income statement.

User Kirschstein
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