Which of the Following Refers to the Money You Receive

question 72

Multiple Choice

Which of the following refers to the money you receive from the investments that you have made?

• A) Earned income.
• B) Unearned income.
• C) Interest.
• D) Government benefits.

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Definitions:

Direct Approach

A communication or problem-solving strategy that deals with issues in a straightforward and clear manner.

Consolidation

The process of combining the financial statements of a parent company with its subsidiaries to present accounts as if the group were a single entity.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

FVTOCI

Fair Value Through Other Comprehensive Income, a classification under IFRS for financial assets that are valued at fair value with changes recognized in other comprehensive income rather than profit or loss.