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Heads Up — FASB Finalizes Guidance on Presentation of Comprehensive Income

Published on: Jun 16, 2011

This issue discusses ASU 2011-05, which revises the manner in which entities present comprehensive income in their financial statements. The new guidance removes the presentation options in ASC 220 and requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements.


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