Excluding Other Comprehensive Income in the Definition of Profit, Which

question 53

Multiple Choice

Excluding other comprehensive income in the definition of profit, which of the following is not included in the calculation of a company's profit or loss?

• A) Dividends received
• B) Gain on the sale of fixed assets
• C) Expense on the impairment of assets held
• D) Adjustments from translation of the financial statements of a foreign operation

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Definitions:

Coefficients Of Correlation

Numerical measures that quantify the strength and direction of the linear relationship between two variables.

Linear Relationship

A relationship between two variables where a change in one variable is associated with a proportionate change in the other variable.

Variables

Elements, characteristics, or factors that can change or vary and are studied to determine their effects in research.

Least Squares Regression

A statistical method for estimating the relationships among variables by minimizing the square differences between observed and predicted values.