All of the following statements regarding other comprehensive income are true except:
A. Other comprehensive income includes foreign currency adjustments.
B. Other comprehensive income is added or subtracted to net income to determine comprehensive income.
C. Other comprehensive income is not considered when calculating comprehensive income.
D. Accumulated other comprehensive income is defined as the cumulative impact of other comprehensive income.
E. Other comprehensive income includes unrealized gains and losses on available-for-sale securities.
Answer: C
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