About accumulated other comprehensive income

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Reference no: EM13863580

Which of the following is true about Accumulated Other Comprehensive Income (AOCI)? (check all that apply)

AOCI items are carried net of tax

AOCI keeps unrealized losses off of the balance sheet

AOCI is the name used for “Retained Earnings” in Europe under EU Directive 135.1(a).3(c).6

AOCI can have a debit balance or a credit balance

AOCI is not permitted under IFRS

Reference no: EM13863580

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