In USGAAP, Which of the Following Accurately Describes the Effects of of Transactions

question 96

Multiple Choice

In U.S.GAAP, which of the following accurately describes the effects of transactions involving investments on the statement of cash flows using the fair value method for securities available for sale and cash flow hedges?

• A)Realized gains and losses appear in Retained Earnings.Unrealized gains and losses appear in net income.
• B)Realized gains and losses appear in Other Comprehensive Income.Unrealized gains and losses appear in net income.
• C)Realized gains and losses appear Shareholders' equity.Unrealized gains and losses appear in Other Comprehensive Income.
• D)Realized gains and losses appear in Retained Earnings.Unrealized gains and losses appear in Other Comprehensive Income.
• E)Realized gains and losses appear in net income.Unrealized gains and losses appear in Other Comprehensive Income.

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Definitions:

Compassion

A deep awareness of and sympathy for another's suffering, coupled with a desire to alleviate that suffering.

Trustworthiness

The quality of being reliable, dependable, and deserving of trust.

Internal Advocacy

The act of supporting or arguing in favor of a cause, policy, or interest within an organization.

Diversity Practices

Strategies and actions taken by organizations to promote and support diversity within the workforce.