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Statement of Financial Accounting Standards No. 130 - page 8 / 57

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\6/  If displayed gross, reclassification adjustments are reported

    separately from other changes in the respective balance; thus, the

    total change is reported as two amounts.  If displayed net,

    reclassification adjustments are combined with other changes in the

    balance; thus, the total change is reported as a single amount.

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21.  An enterprise shall not determine a reclassification adjustment for

minimum pension liability adjustments.  Therefore, an enterprise shall use

a net display for that classification.

Alternative Formats for Reporting Comprehensive Income

22.  An enterprise shall display comprehensive income and its components in

a financial statement that is displayed with the same prominence as other

financial statements that constitute a full set of financial statements.

This Statement does not require a specific format for that financial

statement but requires that an enterprise display net income as a component

of comprehensive income in that financial statement.  Appendix B provides

illustrations of the components of other comprehensive income and total

comprehensive income being reported below the total for net income in a

statement that reports results of operations, in a separate statement of

comprehensive income that begins with net income, and in a statement of

changes in equity.

23.  Although this Statement does not require a specific format for

displaying comprehensive income and its components, the Board encourages an

enterprise to display the components of other comprehensive income and

total comprehensive income below the total for net income in a statement

that reports results of operations or in a separate statement of

comprehensive income that begins with net income.

24.  An enterprise may display components of other comprehensive income

either (a) net of related tax effects or (b) before related tax effects

with one amount shown for the aggregate income tax expense or benefit

related to the total of other comprehensive income items.

25.  An enterprise shall disclose the amount of income tax expense or

benefit allocated to each component of other comprehensive income,

including reclassification adjustments, either on the face of the statement

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