Unrealised Gains or Losses on Certain Investments, Foreign Currency Translation

question 38

Multiple Choice

Unrealised gains or losses on certain investments, foreign currency translation adjustments, gains and losses from superannuation, and deferred gains and losses from derivatives are subject to specialised accounting treatment. These items would normally be found on the:

• A)statement of net cash flow.
• B)balance sheet under liabilities.
• C)statement of comprehensive income.
• D)income statement, included with extraordinary items.

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Definitions:

Telephone Operators' Department

A division or sector within a telecommunications company responsible for the operation and management of telephone line connections, traditionally involving human operators.

International Brotherhood

A concept or movement promoting unity, cooperation, and solidarity among different nations, peoples, or professional groups across the globe.

Textile Industry

A sector concerned with the production and distribution of yarn, cloth, and clothing made from natural or synthetic fibers.

Electric Looms

Machines used in the textile industry that are powered by electricity to automate the process of weaving cloth, significantly increasing productivity.