How are changes in accumulated balances of OCI components generally reported?

Changes in accumulated balances of Other Comprehensive Income (OCI) components are reported in the statement of comprehensive income. This statement provides a comprehensive overview of all income and expenses, both realized and unrealized, during a specific period. OCI includes items such as unrealized gains and losses on certain investments, foreign currency translation adjustments, and pension adjustments, which are not included in net income. By reporting these changes in the statement of comprehensive income, stakeholders can see the total impact of all transactions and events affecting equity outside of net income for the period. This allows for a clearer understanding of a company's overall financial position and performance over time.

The other options do not accurately reflect how OCI changes are presented. Significant transactions in the current period are typically reflected in the income statement rather than as part of OCI. Footnote disclosures, while important for providing additional context to financial statements, do not serve as a primary method for reporting OCI changes. Lastly, deferring the reporting of OCI changes to the next year's statements would misrepresent the financial condition of the entity for the current period, disrupting transparency and accurate reporting.