Which of the Following Is TRUE of Comprehensive Income

question 161

Multiple Choice

Which of the following is TRUE of comprehensive income?

• A) All items included in comprehensive income enter into the determination of net income.
• B) Dividend payments are not included in the determination of comprehensive income, even though it results in a decrease in total stockholders' equity.
• C) Comprehensive income includes company changes in total stockholders' equity from all sources, including owners' investments.
• D) Comprehensive income cannot be combined with a traditional income statement into a combined statement of comprehensive income.

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Definitions:

Degrees Celsius

A unit of temperature measurement in the metric system where water freezes at 0 degrees and boils at 100 degrees under standard atmospheric conditions.

CFCs

Chlorofluorocarbons, a group of odorless manufactured chemicals that damage the Earth's ozone layer and have been phased out in many applications due to environmental concerns.

Mean Surface Temperature

The average temperature of a planet's surface, calculated from a wide range of locations and times, indicative of its climate health.

Ozone

A molecule composed of three oxygen atoms, known for its role in absorbing ultraviolet solar radiation in the stratosphere, thus protecting the earth from harmful UV rays.