Which of the Following Transactions Is Not Reported as Other

question 130

Multiple Choice

Which of the following transactions is not reported as other comprehensive income by either U.S. GAAP or IFRS?

• A) gains and losses from foreign currency translation
• B) adjustments to unrecognized pension costs (benefits)
• C) unrealized gains and losses from trading securities
• D) unrealized gains and losses from derivatives classified as cash flow hedges

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Definitions:

Mood

In logic, the mood of a categorical syllogism refers to the arrangement or type of the categorical propositions (A, E, I, O) it contains.

Premises

Statements or propositions that provide the basis for a conclusion in an argument.

Major Premise

The first statement in a syllogism that contains the major term and provides a general principle or rule.

Middle Term

In a syllogism, the term that appears in both premises but not in the conclusion, used to connect the other two terms of the argument.