Under the Accounting Standards, Which of the Following Is Not

question 9

Multiple Choice

Under the accounting standards, which of the following is not typically included in other comprehensive income?

• A) Downward revaluations of non-current assets, not requiring adjustment to a revaluation surplus.
• B) Upward revaluations of non-current assets requiring adjustment to a revaluation surplus.
• C) Gains or losses on remeasuring investments in equity instruments.
• D) Adjustments from translation of the financial statements of a foreign operation.

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Definitions:

Horizontal Analysis

Horizontal analysis is a financial analysis method that compares historical financial data across different periods to identify trends and growth patterns.

Common-sized Statement

Financial reports displaying every item as a proportion of a base figure, making it easier to compare between different times or businesses.

Financial Analysis

The evaluation of a business, project, budget, or other finance-related entity to determine its performance, stability, and profitability.

Percentage Increase

A measure of how much a quantity has grown relative to its original value, expressed as a percentage.