The Formats Used to Present the Items That Are Included

question 5

Multiple Choice

The formats used to present the items that are included in Other Comprehensive Income include which of the following?

• A)A two-statement presentation that includes a balance sheet and a separate statement of comprehensive income.
• B)A single statement that reconciles changes between the balance sheet and the statement of retained earnings.
• C)A single statement of comprehensive income that shows all the changes in net assets.This statement includes both Net Income and Other Comprehensive Income.
• D)A two-statement presentation that includes a statement of cash flows and a separate statement of comprehensive income.
• E)None of these answer choices is correct.

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