Other Comprehensive Income: Explained, Examples, and Deferred Taxes

#Accounting #OtherComprehensiveIncome #OCI
In this episode we dive into a complex topic "Other Comprehensive Income." We start by showing where on the balance sheet and income statement OCI is shown. Then explain what is OCI and run through and example. Then as a bonus we briefly touch on how deferred taxes work with OCI.

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0:00 Intro
0:16 Financial Statements
0:44 Defined
0:54 OCI Example with Journal Entries
2:01 Other Examples of OCI
2:14 OCI and Deferred Taxes
3:13 Outro