'Comprehensive Income' Refers To

question 8

Multiple Choice

'Comprehensive income' refers to:

• A) The statement of total recognised income and expense.
• B) The statement of changes in equity.
• C) The net profit figure shown at the bottom of the income statement.
• D) All of the given answers.
• E) None of the given answers.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent and salaries.

Variable Cost

Costs that vary directly with the level of production or the volume of output.

Operating Leverage (DOL)

A financial metric indicating the proportion of fixed versus variable costs a company has, which affects its earnings before interest and taxes (EBIT) for every percentage change in sales.

Variable Cost

Costs that vary directly with the level of production or volume of output.