Comprehensive Income Does Not Include Foreign-Currency Translation Adjustments

question 77

True/False

Comprehensive income does not include foreign-currency translation adjustments.

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Definitions:

Supplies

Raw materials or tools necessary for the manufacturing or provision of services.

Services Rendered

Refers to the performance of services or completion of tasks by a company or individual in exchange for payment.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, consisting of debits and credits.

Clients Paid

Funds that have been transferred from clients to a company in exchange for services or products.