Which of the Following Describes How Comprehensive Income Should Be

question 45

Multiple Choice

Which of the following describes how comprehensive income should be reported?

• A) Must be reported in a separate statement, as part of a complete set of financial statements.
• B) Should not be reported in the financial statements but should only be disclosed in the footnotes.
• C) May be reported in a separate statement, in a combined statement of earnings and comprehensive income, or within a statement of shareholders' equity.
• D) May be reported in a combined statement of earnings and comprehensive income or disclosed within a statement of shareholders' equity; separate statements of comprehensive income are not permitted.

---

Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed. It is thought to be one of the underlying causes of depression.

Generalization

The process of drawing a broad conclusion based on specific instances, applying a rule or observation to similar situations.

Partial Reinforcement

A learning condition in which only some of the organism’s responses are reinforced.

Stimulus Generalization

The psychological phenomenon where a learned response to a specific stimulus is evoked by similar stimuli, indicating a broadening of the response criterion.