I have the same question. What would the reversal entry be for example 6 had the scenario changed to the 3rd year? I guess credit P&L; Dr Equity since original entry never touched OCI nor OCE. Thanks.
Note: Your lecture made this topic very easy to comprehend, thanks so much.
Chris,
I have the same question. What would the reversal entry be for example 6 had the scenario changed to the 3rd year? I guess credit P&L; Dr Equity since original entry never touched OCI nor OCE. Thanks.
Note: Your lecture made this topic very easy to comprehend, thanks so much.
Hi, what would be the reversal bookings?
To be more specific: Do we reverse OCE through retained earnings for the years before reporting period on the Balance Sheet?