Comprehensive Income Under IFRS

question 204

Multiple Choice

Comprehensive income under IFRS

• A) includes unrealized gains and losses included in net income in contrast to GAAP.
• B) includes unrealized gains and losses included in net income similar to GAAP.
• C) excludes unrealized gains and losses included in net income in contrast to GAAP.
• D) excludes unrealized gains and losses included in net income similar to GAAP.

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Definitions:

Negative Correlations

A relationship between two variables in which one variable increases as the other decreases.

Scatter Plot

A graphical representation used to display values for typically two variables for a set of data, showing how much one variable is affected by another.

Widely Dispersed

Spread out over a large area or among a large number of people; not concentrated in one place.

Confidence Intervals

An interval of numbers, calculated from statistics of a sample, assumed to include the value of a not yet identified parameter of a population.