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:

Logical Order

The arrangement of ideas or steps in a coherent sequence where each part is connected and follows logically from the previous one.

Developmental Stage

A period in a person's growth or psychological development identified by distinctive characteristics or patterns of behavior.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.

Neurodiversity

A concept and social movement that suggests neurological differences are to be recognized and respected as any other human variation.