Which of the Following Items Is Not Included in the Calculation

question 69

Multiple Choice

Which of the following items is not included in the calculation of net income but is included in the calculation of comprehensive income?

• A)Unrealized holding gain on available-for-sale marketable securities
• B)Unrealized holding gain on trading marketable securities
• C)Gain from early extinguishments of bonds
• D)Gain arising from sale of available-for-sale marketable securities

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Definitions:

Pure Rent

Payment to a factor of production (land, specifically) in excess of what is needed to keep it in its current use.

Fixed Supply

A situation where the quantity of a good, service, or resource is limited and cannot be changed in the short run, often leading to inelastic supply.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that sellers are willing to supply.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a price change.