The book at times casually refers to Other Comprehensive Income as a subsection of equity on the balance sheet. FOr instance, the unrealized gain/loss for available-for-sale assets is said to reside on the balance sheet under OCI. OCI is really on the income statement but accumulated on the balance sheet. Another example, some text says prior service costs for pensions is reported by GAAP in OCI and later amortized.
Is it safe to assume that OCI and Accumulated Other Comprehensive Income are referred to in the same light?
Last question: how does the balance sheet balance with a net pension asset/liability ? Doesn’t this mean that there is either a net asset or liability, so what balances this?