Which One of the Following Items Is Considered Part of Comprehensive

question 35

Multiple Choice

Which one of the following items is considered part of comprehensive income but not reported as part of net income?

• A)Accounting principle changes
• B)Foreign currency translation adjustments
• C)Gain on sale of land
• D)Dividend revenue

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Definitions:

Indicators

Measurable variables used to show the presence or state of a condition or trend.

Reliable

Reliable describes something or someone that consistently performs well or can be depended upon to provide accurate and trustworthy results.

Valid

The state of being logically or legally sound; having force, or binding force; effectively supporting a specified point or claim.

Variable

A characteristic or attribute that can vary or be changed, often used in research to measure or test hypotheses.