Comprehensive Income Includes All Except

question 52

Multiple Choice

Comprehensive income includes all except:

• A) Gains and losses reported in the income statement.
• B) All changes in equity for a period except those due to investments and distributions to owners.
• C) Unrealized gains and losses on long-term available-for-sale securities.
• D) Dividends paid to shareholders.
• E) Revenues and expenses reported in the income statement.

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Definitions:

Instance Variable

A variable that, when defined within a class, ensures every object instantiated from that class possesses its own distinct copy.

Method Definition

A method definition specifies the code to be executed when the method is called, including the method's name, return type, and parameters.

New Operator

A keyword used in programming to create instances of classes by allocating memory for the objects.

Purpose

The reason for which something is done or created, or for which something exists.