What Items Should Be Included in Comprehensive Income but Not

question 1

Multiple Choice

What items should be included in comprehensive income but not in net income?

• A)net income
• B)foreign currency translations
• C)unrealized gains on investments
• D)all of the above should be included

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Definitions:

Negligence Or Mismanagement

Failure to exercise appropriate care or the mismanagement resulting in harm or loss.

Duty Of Loyalty

A legal obligation requiring individuals to act in the best interests of another party or entity, typically referring to corporate officers and directors.

Fiduciary

As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.

Corporate Office

The main or headquarters location of a company where key managerial and executive activities are conducted.