Under Which Method Does the Statement of Comprehensive Income Show

question 5

Multiple Choice

Under which method does the statement of comprehensive income show "Equity in earnings of Subsidiary"?

• A)Cost method
• B)Equity method
• C)Modified equity
• D)Consolidation

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Definitions:

Money Market Fund

A type of mutual fund that invests in short-term, high-quality debt securities, offering investors liquidity and a low risk of loss.

Transfer Payments

Payments made by governments to individuals without any corresponding service or good being provided in return.

Property Income

Income earned from the ownership of assets like land, real estate, or stocks, often taking the form of rent, dividends, or interest.

Transfer Payments

Payments made by the government to individuals or organizations without requiring the recipient to provide goods or services in return, such as welfare or subsidies.