All of the Following Events Would Be Recorded in Other

question 100

Multiple Choice

All of the following events would be recorded in other comprehensive income except:

• A)gains and losses on cash flow hedges.
• B)unrealized gains and losses on available for sale securities.
• C)gains from writing up property plant and equipment to market value.
• D)unrealized gains only on trading securities.

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset, giving holders a proportion of the company's profits and a vote in company matters.

Limited Liability

A legal structure that restricts the financial responsibility of an entity's owners to their investment, protecting personal assets from business debts.

Investment

The allocation of resources, usually money, in the expectation of generating an income or profit.

Bankruptcy

A legal proceeding involving a person or business that is unable to repay outstanding debts. The process begins with a petition filed by the debtor, or on behalf of creditors.