Which One of the Following Items Is Considered Part of Comprehensive

question 35

Multiple Choice

Which one of the following items is considered part of comprehensive income but not reported as part of net income?

• A)Accounting principle changes
• B)Foreign currency translation adjustments
• C)Gain on sale of land
• D)Dividend revenue

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Definitions:

Piracy

The act of robbery or criminal violence at sea, often involving the theft of cargo or entire vessels.

Royal Navy

is the United Kingdom's naval warfare force, notable for its historic significance and role in building the British Empire.

Demobilization

The process of returning armed forces to civilian life, reducing the military size and capabilities after a period of conflict.

Lucrative Trade

A trade or business operation that generates a substantial amount of profit.