Components of 'Other Comprehensive Income' Would Include

question 18

Multiple Choice

Components of 'other comprehensive income' would include:

• A) net profit reported in the statement of comprehensive income.
• B) net operating cash flows reported on the statement of cash flows.
• C) changes in revaluation surplus.
• D) net operating cash flows reported on the statement of cash flows, plus total of all income and expenses recognised directly in equity.

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Definitions:

Decreases

A reduction in quantity, size, or the overall level of an economic indicator or financial value.

Expenses With No Cash Outflows

Costs recognized in the accounting period that do not require an immediate cash outlay, such as depreciation.

Expenses and Losses

Outflows or the using up of assets as a result of the company's efforts to generate revenue, including losses from various sources.

No Cash Outflows

A situation or period during which a business or project does not expend cash.