Price CoReported Net Income of $12,000 for the Current Year

question 96

Multiple Choice

Price Co.reported net income of $12,000 for the current year.It had unrealized losses on available-for-sale securities of $1,200 after tax,and a foreign currency translation loss of $500 after tax.What is the comprehensive income for the current year?

• A)$12,500
• B)$11,300
• C)$10,300
• D)$11,500

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Definitions:

External Consequences

Outcomes that occur as a result of an action that affect the external environment or other people, beyond the individual who undertook the action.

Free Will

The concept that humans have the capacity to make choices and decisions independently of natural, social, or divine constraints.

Positive Outcomes

Favorable or beneficial results or effects of an action, behavior, or procedure.

Neutral Outcomes

Results or consequences of an action that neither significantly benefit nor harm the situation or the individuals involved.