The Statement of Comprehensive Income Includes Items in Which Order

question 102

Multiple Choice

The Statement of Comprehensive Income includes items in which order?

• A)Net income,Other items of net income,Comprehensive income.
• B)Comprehensive income,Net income,Other items of Comprehensive income.
• C)Net income,Other Fair value items,Comprehensive income.
• D)Net income,Other comprehensive income items,Comprehensive income.

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Definitions:

Return on Assets (ROA)

A profitability ratio calculated by dividing net income by total assets, indicating how efficiently a company is using its assets to generate profit.

Percentage of Sales Approach

A method for forecasting financial needs based on the proportion of sales expected in the future.

Projected Dividends

Estimates of the dividends that a company expects to pay out to its shareholders in the future.

Firm's Capacity

The maximum output or the total amount of goods or services that a company can produce under normal working conditions.