All of the Following Statements Are True Regarding Comprehensive Income

question 265

Multiple Choice

All of the following statements are true regarding comprehensive income except

• A) companies are required to report comprehensive income.
• B) a company would add an unrealized loss on available-for-sale securities to net income to calculate comprehensive income.
• C) comprehensive income does not include changes resulting from investments by stockholders.
• D) comprehensive income does not include dividends to stockholders.

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Definitions:

Forum Non Conveniens

A doctrine allowing courts to dismiss a case when another court, or forum, is significantly more appropriate to hear the case.

Exercise Jurisdiction

The act of applying or enforcing legal authority over a particular area, group, or issue.

More Convenient Forum

A legal doctrine allowing courts to transfer a case to a jurisdiction that is more suited for all parties involved or for the witnesses.

Lex Mercatoria

A body of commercial law and customs used by merchants throughout Europe during the medieval period, which still influences international trade law today.