At Year End, Other Comprehensive Income Is Closed Out to

question 58

Multiple Choice

At year end, other comprehensive income is closed out to

• A) retained earnings.
• B) share capital.
• C) accumulated other comprehensive income.
• D) net income.

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Definitions:

Learning Principle

A fundamental rule or idea in the field of education and psychology that guides how individuals acquire knowledge, skills, or behaviors.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and aspirations.

Learning

The process of acquiring new understanding, knowledge, behaviors, skills, values, or preferences, often leading to a potential change in synthesizing information, depth of the knowledge, or behavior.

Training Needs Analysis

The process of identifying and assessing the specific training requirements necessary to achieve organizational or job-specific competencies.