The Elements of Comprehensive Income Would Include All of the Following

question 85

Multiple Choice

The elements of comprehensive income would include all of the following items except

• A) Net earnings, as reported on the income statement.
• B) Unrealized gains or losses on financial assets that are classified as available for sale.
• C) Unearned revenue
• D) Unrealized gains or losses on translating the financial statements of companies that have operations in other countries, but are controlled by the Canadian reporting entity.

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Definitions:

Standard Reply

A routine or expected response to a common question or situation.

Post-Separation

The period or condition following the end of a relationship or partnership.

Language Code

A set of rules or symbols used for communication through writing, speaking, or other means.

Nonverbal Cues

Body language and other physical behaviors that communicate feelings and intentions without words.