Which Statement Is True About the Computation of Net Income

question 82

Multiple Choice

Which statement is true about the computation of net income and comprehensive income?

• A) They are the same under either reporting alternative.
• B) The one statement format provides a higher net income than the two consecutive statements format.
• C) The two consecutive statements format provides a higher net income than the one statement format.
• D) Net income always equals comprehensive income under the one statement format.

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Definitions:

Physically Placed

Refers to the actual location or arrangement of components or objects in the physical world or on a storage medium.

Fopen() Function

A command in many programming languages used to open a file and associate it with a stream.

NULL Address

A special value used in programming to indicate that a pointer does not point to any valid location in memory.

Operating System

An operating system (OS) is system software that manages computer hardware, software resources, and provides common services for computer programs.