Non-Strategic Investments Can Be Classified as Fair Value Through Profit

question 38

Multiple Choice

Non-strategic investments can be classified as fair value through profit or loss (FVTPL) or as fair value through other comprehensive income (OCI) - through an irrevocable election. Which of the following statements is true?

• A)Under both FVTPL and OCI, changes in the fair value of the investment are reported as other comprehensive income on the statement of comprehensive income.
• B)Under both FVTPL and OCI, changes in the fair value of the investment are reported under the net income section on the statement of comprehensive income.
• C)Under both FVTPL and OCI, dividends received from the investee are reported as other comprehensive income on the statement of comprehensive income.
• D)Under both FVTPL and OCI, dividends received from the investee are reported under the net income section on the statement of comprehensive income.

Evaluate the advancements and limitations in gender equality post-Civil War.

Identify the historical perspectives on the Reconstruction era laws and amendments.

Recognize the political strategies and rhetoric used during Reconstruction.

Understand the expansion of federal government's role in protecting individual freedoms post-Reconstruction.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs, both variable and fixed, in the cost of a product.

Net Operating Income

Earnings generated from a company's regular business operations, excluding deductions for interest and taxes.

Fixed Manufacturing Overhead

Expenses related to the production process that remain constant regardless of the operational output, including equipment depreciation and facility rent.

Inventories

The range of goods or materials held by a company for the purpose of production, sale, or repair in the ordinary course of business.