According to the FASB's Conceptual Framework, Earnings

question 30

Multiple Choice

According to the FASB's conceptual framework, earnings

• A) is the same as comprehensive income.
• B) excludes certain gains and losses that are included in comprehensive income.
• C) includes certain gains and losses that are excluded from comprehensive income.
• D) includes certain losses that are excluded from comprehensive income.

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Definitions:

Performance Evaluation

The process of assessing an employee's job performance using various methods, to provide feedback, determine suitability for promotion or raises, and identify areas for improvement.

Administrative

Pertaining to the tasks, activities, and operations involved in the running of an organization or institution.

Developmental

Pertaining to the progress or improvement of an individual's skills, attributes, or capabilities over time.

Developmental Approaches

Methods focused on facilitating growth, learning, and improvement in individuals, groups, or organizations.