Why balance sheet called dirty-surplus income

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Question: 1. Why is income in the equity portion of the balance sheet called "dirty-surplus" income?

2. Why can "value be lost" if an analyst works with reported net income rather than comprehensive income?

3. Are currency translation gains and losses real gains and losses to shareholders? Arent they just an accounting effect that is necessary to consolidate financial statements prepared in different currencies?

Reference no: EM131490782

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