Which of the Following Items Would Be Included in Comprehensive

question 113

Multiple Choice

Which of the following items would be included in comprehensive income but not reported as a component of profit?

• A) A lower-of-cost-or-market write-down of inventory.
• B) A material loss due to natural disaster.
• C) A gain on the fair value changes on the portfolio of available-for-sale marketable securities.
• D) A gain on the sale of a segment of the business.

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Definitions:

Nonrival

A characteristic of certain goods where consumption by one individual does not reduce the amount available for consumption by others.

Nonexclusive

A characteristic of a good or service that allows multiple users to use or consume it simultaneously without excluding others.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Public Good

A good that is non-excludable and non-rivalrous, meaning its consumption by one individual does not reduce its availability to others and people cannot be effectively excluded from using it.