Which of the Following Transactions Is Not Reported as Other

question 130

Multiple Choice

Which of the following transactions is not reported as other comprehensive income by either U.S. GAAP or IFRS?

• A) gains and losses from foreign currency translation
• B) adjustments to unrecognized pension costs (benefits)
• C) unrealized gains and losses from trading securities
• D) unrealized gains and losses from derivatives classified as cash flow hedges

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Definitions:

Language Development

The way in which kids acquire the ability to understand and verbalize language during their early childhood.

Reaction Range

The potential variability in the expression of a trait due to environmental influences, given genetic constraints.

Obesity

Excess body fat accumulation that presents a risk to health, defined by a Body Mass Index (BMI) of 30 or higher.

Monozygotic Twins

Twins that result from one fertilized egg splitting and developing into two embryos, genetically identical.