Which of the following statement about AOCI is true? Group of answer choices AOCI...
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Accounting
Which of the following statement about AOCI is true? Group of answer choices AOCI stands for accumulated other comprehensive income. AOCI is a component of owners' equity. AOCI is used to "store" gains and losses outside of the income statement, until a later point in time when another event occurs ie the firm sells the debt security All of the Above
Which of the following statement about AOCI is true?
Group of answer choices
AOCI stands for accumulated other comprehensive income.
AOCI is a component of owners' equity.
AOCI is used to "store" gains and losses outside of the income statement, until a later point in time when another event occurs ie the firm sells the debt security
All of the Above
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