Examlex
Which of the following statements a) , b) or c) is false?
Comprehensive Income
The change in equity (net assets) of a business enterprise during a period from transactions and other events from non-owner sources. It includes all revenues, gains, expenses, and losses.
Cash Flows
The aggregate sum of money flowing in and out of an enterprise, crucially influencing its financial fluidity.
Unrealized Gains and Losses
Increases or decreases in the value of investments that a company holds but has not yet sold, and therefore, has not yet realized the gains or losses.
Foreign Currency Items
Foreign currency items are transactions, assets, or liabilities denominated in a currency other than the reporting entity's functional currency.
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