Which of the Following Would Be Considered an "Other Comprehensive

question 132

Multiple Choice

Which of the following would be considered an "Other Comprehensive Income" item?

• A) net income.
• B) extraordinary loss related to flood.
• C) gain on disposal of discontinued operations.
• D) unrealized loss on available-for-sale securities.

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Definitions:

Producer Values

The set of ethical principles and standards that guide the behavior and practices of producers or manufacturers.

Buyer Surplus

Buyer surplus is the difference between the maximum amount a consumer is willing to pay for a good or service and the actual amount paid.

Producer Surplus

The difference between the amount producers are willing to supply a good for and the actual amount they receive (or market price).

Minimum Price

The lowest possible price at which a product or service can be sold, often regulated by governments to protect producers or consumers.