Equity Method of Accounting ASC 323 for Investments and Joint Ventures
The investor also records its portion of the earnings/losses of the investee in a single amount on the income statement. The investor’s portion of the investee’s OCI will be recorded within their OCI accounts but can be aggregated with the investor’s OCI. Items recorded through OCI may include foreign currency translation adjustments, pension adjustments, or gains/losses on available-for-sale securities. Comprehensive disclosures in the...