Using the concept of comprehensive income, which of the following items is included as part of comprehensive income but not as part of net income?
a. Unrealized holding gains or losses
b. Accounting changes
c. Extraordinary items
d. Loss on sale of investments
a
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Computer technology corporation Dell recently acquired Quest software, an IT management software provider, in order to expand upon its software expertise and offerings. Dell is pursuing a(n) ______ strategy.
A. escalation B. growth C. stability D. merger E. defensive
Which of the following established the Federal Trade Commission, giving it the authority to enforce laws aimed at prohibiting unfair methods of competition?
A. the Wheeler-Lea Act B. the Clayton Antitrust Act C. the Sherman Antitrust Act D. the Robinson-Patman Act E. the Federal Trade Commission Act
While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:
A. The total debits in the trial balance will be larger than the total credits. B. The Equipment account balance will be overstated. C. The trial balance will not balance. D. The error will overstate the debits listed in the journal. E. The error will overstate the credits listed in the journal.
Joint venturing gives a firm less control than if it owns a separate subsidiary.
Answer the following statement true (T) or false (F)