Which of the Following Items Would Be Included in Comprehensive

question 41

Multiple Choice

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

• A)A lower-of-cost-or-market write-down of inventory.
• B)A material loss due to natural disaster.
• C)An unrealized gain 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:

Gender Insensitivity

The lack of awareness or consideration for the differences and equality issues between genders, often resulting in discriminatory practices.

Inductive

A reasoning process that involves making generalizations based on specific observations or cases.

Deductive

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.

Qualitative

Pertaining to or concerning the quality of something rather than its quantity. This approach often involves non-numerical analysis of data in research.