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.
Continuing with the example, if the accumulated other comprehensive income balance at the beginning of the year is $20,000, the ending balance for the year is $23,500 ($20,000 plus $3,500).ccumulated other comprehensive income is part of the shareholders' equity section of the balance sheet, while other comprehensive income and net income are part of the income statement.