Which of the Following Is/are True Concerning Accumulated Other Comprehensive

question 8

Multiple Choice

Which of the following is/are true concerning accumulated other comprehensive income?

• A)Firms measure marketable equity securities classified as available for sale at fair value and record the unrealized changes in fair value as an element of other comprehensive income.
• B)Firms remeasure derivatives designated as cash flow hedges to fair value at the end of each period and report the unrealized gain or loss in other comprehensive income.
• C)Firms translate the reported results of their foreign operations from local currencies into U.S.dollars in order to prepare consolidated financial statements.
• D)Firms must include gains and losses from changes in actuarial assumptions, actuarial performance, and prior service cost in other comprehensive income prior to their amortization as an adjustment to pension expense.
• E)all of the above

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Definitions:

Somatosensory Cortex

A region of the cerebral cortex that processes sensory information from the body, such as touch, temperature, and pain.

Lobes

Divisions of the brain defined by natural separation lines, each associated with different functions such as vision, hearing, and thought processing.

Academic Probation

A warning status given to students whose academic performance falls below an institution’s requirement for good standing.

Academic Fraternity

A student organization within higher education institutions, often focused on academic achievement and professional development, sometimes specific to particular fields of study.