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| Which of the following is false? A. Other comprehensive income includes revenues, expenses, gains, and losses that under generally accepted accounting principles are included in comprehensive income but excluded from net income. B. Reclassification adjustments shall be made in order to avoid double counting of items included in other comprehensive income and also in net income. C. Components of other comprehensive income may not be shown net of tax-related effects. D. The components of other comprehensive income may be displayed before tax-related effects with the aggregate income tax effects shown as one amount. |