Which of the Following Is Included in Comprehensive Income

question 114

Multiple Choice

Which of the following is included in comprehensive income?

• A) gains and losses associated with derivative financial instruments that hedge future cash flows
• B) translation adjustments from converting foreign statements into U.S. dollars
• C) unrealized gains or losses associated with fair value of available-for-sale securities
• D) All of these answer choices are included in comprehensive income.

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Definitions:

Note Payable

A written promise to pay a specific sum of money, usually with interest, on a certain date or dates to the holder of the note.

Accounts Payable

Liabilities representing amounts owed to creditors for goods and services received but not yet paid for.

Additional Paid-in Capital

The amount of money paid by investors for shares above the par value, typically reflecting the excess over the nominal value of shares issued.

Net Income

The remaining profit for a company after removing taxes and expenses from its total income.