When Is a Company Not Required to Report Comprehensive Income

question 78

Multiple Choice

When is a company not required to report comprehensive income?

• A)when it has a net operating loss
• B)when it has no other comprehensive income items
• C)when it has no extraordinary items
• D)when it has no prior-period adjustments

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Definitions:

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Coming into existence by birth.

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A defense mechanism where a person unconsciously attributes their own unwanted thoughts, feelings, or motivations to another person.

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A theory of personality development and therapeutic framework developed by Sigmund Freud, emphasizing unconscious motivations and conflicts.