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

 
 
 
 

AOCI can have a debit balance or a credit balance (it is often called AOCL when it has a debit balance) and AOCI items are carried net of tax. The other three options are not true.

 
 
 

AOCI can have a debit balance or a credit balance (it is often called AOCL when it has a debit balance) and AOCI items are carried net of tax. The other three options are not true.

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