Which One of the Following Is Part of Other Comprehensive

question 60

Multiple Choice

Which one of the following is part of other comprehensive income (OCI) ?

• A)Unrealized gains resulting from translating foreign currency financial statements of majority-owned subsidiaries to U.S.dollar amounts.
• B)Gains on sales of treasury stock.
• C)Receipt of land donated by a governmental unit.
• D)Sale of common stock above par.

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Definitions:

Income Taxes

Taxes imposed on individuals or entities based on their income or profits by the government.

Final Solution

The Final Solution refers to Nazi Germany's plan during World War II for the genocide of the Jews, leading to the deaths of six million Jewish people in the Holocaust.

Mass-exterminate

The act of killing or destroying a large number of entities, typically used in reference to large-scale, systematic efforts to eliminate a population or species.

Organized Labor

Labor unions and other groups that represent workers' interests, advocating for improved wages, working conditions, and benefits.