Which of the Following Would Be Included in Comprehensive Income

question 58

Multiple Choice

Which of the following would be included in comprehensive income but not in net income?

• A) Unrealized gains and losses on certain types of investments
• B) A gain on the sale of land
• C) The loss incurred due to a flood
• D) The loss from a plant closure

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Definitions:

Purchasing Power

The financial ability to buy goods and services, often reflecting the effect of inflation and the relative cost of living.

Nonmonetary Job Considerations

Aspects of a job that affect an employee's satisfaction and decision to work beyond the financial compensation, such as workplace culture, job security, and opportunities for personal growth.

Law School

An educational institution specializing in the study of law and the training of future lawyers.

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).