Which of the Following Items Is Included as Part of Comprehensive

question 210

Multiple Choice

Which of the following items is included as part of comprehensive income but not as part of net income?

• A)income tax expense
• B)unrealized holding gains or losses
• C)gains or losses on the sale of equipment
• D)gains or losses on the sale of investments

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Definitions:

Small Business Sector

The segment of the economy composed of independently owned companies that have fewer employees and lower revenue than larger corporations.

Traditional Distributor

A business that purchases products from manufacturers and sells them to retailers or end consumers, typically without significant alteration.

Automated

Refers to processes or systems operated with minimal human intervention, often using technology or machinery.

Online Exchange

A virtual platform where goods, services, or information are traded between parties over the internet.