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1.Reclassification Adjustments. Certain adjustments are necessary to avoid
double counting for items displayed as part of net income for the
current period that had been displayed as part of other comprehensive
income in the current or earlier period. These are referred to in the ED
as reclassification adjustments. An illustration is included in the
gains on securities amounting to $50,000 that arose during the period are reduced by $20,000 in arriving at other comprehensive income because such amount was realized and included in net income for the period. It should be noted that the total change is shown as two amounts. This "gross display" is required for reclassifications related to items of other comprehensive income other than minimum pension liability adjustments.
2. Per-Share Reporting. The ED would require display of a per-share amount
for comprehensive income on the face of the statement of financial
performance in which comprehensive income is reported. Such per-share
requirement is not applicable to nonpublic enterprises.
3. Tax Effects. Components of other comprehensive income may be shown individually net of related tax effects or before related tax effects with one amount shown for the aggregate income tax expense or benefit related to the total amount of other comprehensive income.
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