Wednesday, January 14, 2015

"trash can"


  • AOCI, accumulated other comprehensive income, is sometimes termed the "trash can" because of its propensity to house unrealized gains and losses that could be very material on a firm's net income. Companies have lobbied to keep AOCI on their books in order to prevent these gains and losses from lending an appearance of choppy or inconsistent revenues.
  • Accessible from Manhattan's Upper West Side in 20 minutes or less, the Ice House in Hackensack, NJ is accessible in under 20 minutes from the island.
  • Swings in the market yesterday, with price moving in excess of 430 points, represents some of the greatest volatility the market has ever seen.

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