Which of the Following Is an Acceptable Way of Reporting

question 97

Multiple Choice

Which of the following is an acceptable way of reporting a company's comprehensive income?

• A) on the face of the income statement only
• B) in a separate, consecutive, statement of comprehensive income only
• C) in the statement of changes in shareholders' equity only
• D) both a and b are acceptable

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Definitions:

Demographic Transition

A model describing how the birth and death rates in a population change from high to low levels as a country develops economically.

Demographic Transition Theory

Argument that countries pass through a consistent sequence of population patterns linked to the degree of development and ending with a low birth and death rate.

Social Change

Significant alteration over time in behavior patterns and cultural values and norms of a society.

Innovations

The introduction or creation of new ideas, methods, products, or services that bring change or improvement.