An Advantage of Using the Fair Value Through Other Comprehensive

question 32

Multiple Choice

An advantage of using the fair value through other comprehensive income is that

• A)the effect on other comprehensive income is reported in the statement of income.
• B)unrealized gains and losses are not used to evaluate management.
• C)unrealized losses must be reported on the statement of income, but unrealized gains are reported in other comprehensive income.
• D)unrealized gains must be reported on the statement of income, but unrealized losses are reported in other comprehensive income.

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Definitions:

Compressed Workweek

A flexible work arrangement where a standard workweek is condensed into fewer days, typically allowing employees to have longer weekends.

Job Simplification

The process of breaking down jobs into their simplest components to increase productivity and efficiency.

Telecommuting

The practice of working from a remote location, outside of a traditional office environment, often from home, using technology to stay connected.

Part-Time Work

A form of permanent employment in which the worker works for less than the full-time working week.