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:

Put Option Contracts

Financial contracts giving the owner the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Exercise Price

Also known as the strike price, it’s the specified price at which an option contract can be exercised, determining the price at which the underlying security can be bought or sold.

Option Price

The premium that must be paid by the buyer to the seller to acquire the rights that the option confers, without the obligation to buy (call) or sell (put) the underlying asset.