False Information

I may not have been correct in my March 8 post. Although my solution technically works, it kind of doesn't make sense. What do you call the reclassified income? It can't be some sort of gain on acquisition, since the AOCI was part of the purchase price. It can't be income from subsidiary, since all of that has to be eliminated in consolidation.

I asked for an opinion on this paltry accounting dilemma and what we came up with was putting a separate line on the statement of stockholders' equity that takes it out of AOCI and into retained earnings and calling it acquisition of other comprehensive income. So from now on, we should have a nice, clean eliminating entry that actually makes sense.