Under IFRS, "Other Comprehensive Income" Does NOT Include

question 55

Multiple Choice

Under IFRS, "other comprehensive income" does NOT include

• A) unrealized holding gains and losses on certain securities.
• B) gains and losses on disposal of property, plant, and equipment.
• C) gains and losses related to certain types of hedges.
• D) certain gains and losses related to foreign exchange transactions.

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Definitions:

Opportunity Cost

The best alternative that we forgo, or give up, when we make a choice or a decision.

ΔTVC/Δq

ΔTVC/Δq represents the change in Total Variable Cost (TVC) resulting from producing one additional unit of output, equivalent to Marginal Cost.

AVC

AVC, or Average Variable Cost, is the total variable costs divided by the quantity of output produced.

MC

Marginal Cost, the increase in total cost that arises from producing one additional unit of a product or service.