Which of the Following Statements About Accumulated Other Comprehensive Income

question 218

Multiple Choice

Which of the following statements about Accumulated Other Comprehensive Income (Loss) is not correct?

• A)Accumulated Other Comprehensive Income (Loss)reports unrealized gains and losses,which are temporary changes in the value of certain assets and liabilities the company holds.
• B)Accumulated Other Comprehensive Income (Loss)can relate to pensions,foreign currencies,and financial investments.
• C)Accumulated Other Comprehensive Income (Loss)is a component of stockholders' equity.
• D)Accumulated Other Comprehensive Income (Loss)is reported on the income statement.

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Definitions:

Hearing Deficit

A reduction in the ability to hear sounds in one or both ears; can range from mild to profound hearing loss.

Balance Deficit

A lack of stability and coordination which can increase the risk of falls, often resulting from inner ear disorders, neurological conditions, or aging.

Vertigo

Sensation of dizziness or spinning.

Sensory Deprivation

The intentional reduction or removal of stimuli from one or more of the senses, which can lead to increased sensitivity in the remaining senses or to mental effects such as hallucination.