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What is usefulness of including other comprehensive income

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Reference no: EM132802448

Write: Items included in other comprehensive income enable financial statement users to understand the impact of certain changes in fair value that are not included in the computation of net income. Discuss the following:

Question 1: What is the usefulness of including other comprehensive income (OCI) in the financial statements?

Question 2: How will it impact the value of the firm?

Reference no: EM132802448

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