Unrealized Gains or Losses on Certain Investments, Foreign Currency Translation

question 66

Multiple Choice

Unrealized gains or losses on certain investments, foreign currency translation adjustments, gains and losses from post-retirement benefit plans, and deferred gains and losses from derivatives are subject to specialized accounting treatment. These items would normally be found on the:

• A) statement of comprehensive income.
• B) income statement, included with extraordinary items.
• C) statement of net cash flow.
• D) balance sheet under liabilities.

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Definitions:

Aggressive

Showing readiness to attack or confront, characterized by or resulting from aggression.

Coercive

Relating to or using force or threats to persuade someone to do something or to achieve compliance.

Uncommunicative

Lacking the willingness or ability to talk or share information.

Vulnerable

A state of being open to harm, damage, or exploitation due to a lack of protection or strength.