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Other Comprehensive Income Includes Only Unrealized Gains and Losses

question 113

True/False

Other comprehensive income includes only unrealized gains and losses. When a previously unrecognized gain or loss is recognized later, this gain or loss will always be included in the company's net income in the year recognized.


Definitions:

Marijuana

A psychoactive plant, Cannabis sativa, used both recreationally and medicinally for its relaxing and euphoric effects.

Cognitive Effects

Changes in thinking, understanding, learning, or remembering that can result from various factors, including environmental, psychological, or biological causes.

Dementia

Deterioration in cognitive and behavioral functioning due to physiological causes.

Physiologically Caused

Originating from or prompted by the functioning of an organism’s body.

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