Comprehensive Income Includes Net Income Plus

question 113

Multiple Choice

Comprehensive income includes net income plus:

• A)Unrealized Gains on Investments in Available-for-Sale Securities.
• B)Foreign-Currency Transaction Gain.
• C)Realized Gains on Investments in Available-for-Sale Securities.
• D)Unrealized Gains on Investments in Trading Securities.

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Definitions:

Maximize

To increase to the greatest possible amount or degree.

Minimize

To reduce something to the smallest possible level or amount.

Profits

The financial gains obtained when revenues exceed the costs and expenses incurred to operate the business.

Total Costs

The sum of all costs incurred by a business in producing a certain amount of goods or services.