Which of the Following Is an Example of Other Comprehensive

question 56

Multiple Choice

Which of the following is an example of other comprehensive income?

• A) Dividends received.
• B) Sales income.
• C) Royalties.
• D) Revaluations of assets recorded directly in the revaluation surplus account.

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Definitions:

Note Issued

A written promise to pay a specified amount of money, often with interest, at a future date.

Uncollectible Receivables

Accounts receivable that are considered to be uncollectable from customers, often written off as bad debt.

Receivable Indicators

Metrics or signs used to assess the performance or status of accounts receivables within a company.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.