Which Items Are Excluded from the Determination of Net Income

question 139

Multiple Choice

Which items are excluded from the determination of net income, but are included in the determination of other comprehensive income?

• A)Realized gains and losses on the sale of available-for-sale securities
• B)Foreign currency exchange gains and losses
• C)Foreign currency translation adjustments
• D)All of the above

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Definitions:

MRP

Material Requirements Planning is a methodology used to determine the materials and components required to produce a product.

Smaller Buckets

A term used in project management and process optimization, referring to breaking down tasks or storage needs into smaller, more manageable units.

Lot-For-Lot Ordering

A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.

MRP Plan

Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.