Which of the Following Is/are Not True Concerning Accumulated Other

question 95

Multiple Choice

Which of the following is/are not 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)none of the above

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Definitions:

Cross-Functional

Pertaining to a team or process that involves individuals from different departments or areas of expertise working together toward a common goal.

Integrator

An individual or tool that combines various elements or systems into a cohesive, functioning whole.

Different Perspectives

The existence of varied viewpoints, opinions, or approaches within a group, enriching understanding and solutions to issues.

Empowerment Skills

Abilities and competencies that enable individuals to gain the power and confidence to make decisions, face challenges, and exert control over their lives.