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.
Similarly, we report other comprehensive income as it occurs in the current reporting period (see Illustration 17-5) and also report accumulated other comprehensive income in the balance sheet. In its 2007 balance sheet, Global will report the amounts as shown in Illustration 17-7.