Accumulated Other Comprehensive Income
a. is a shareholders' equity account that acts for other comprehensive income the way retained earnings acts for net income.
b. equals net income plus other comprehensive income.
c. includes gains and losses from sales or exchanges of assets or settlements of liabilities related incidentally or peripherally to the firm's core business.
d. Firms close amounts in net income for a period to at the end of the period.
e. all of the above
A
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Carpark Services began operations in 20X1 and maintains long-term investments in available-for-sale debt securities. The year-end cost and fair values for its portfolio of these debt securities follows. The year-end adjusting entry to record the unrealized gain/loss at December 31, 20X1 is: Available-for-Sale SecuritiesCost Fair ValueDecember 31, 20X1$250,000 $241,000December 31, 20X2$340,000 $350,000
A. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Loss - Equity $9,000. B. Debit Unrealized Loss - Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000. C. Debit Fair Value Adjustment - Available-for-Sale (LT) $9,000; Credit Unrealized Gain - Equity $9,000. D. Debit Realized Loss - Income $9,000; Credit Fair Value Adjustment - Available-for-Sale (ST) $9,000. E. Debit Unrealized Gain - Equity $9,000; Credit Fair Value Adjustment - Available-for-Sale (LT) $9,000.
Which of the following best describes the World Wide Web?
A. a connection of millions of computers that support a standard set of rules for the exchange of information B. a network of millions of smaller networks, each with an independent set of standards C. a connection of millions of computers across the world with no specific standards or time constraints for exchange of data D. a world-wide network of millions of smaller networks with a different standard of information exchange in each country
If two independent large samples are taken from two populations, the sampling distribution of the difference between the two sample means
A. can be approximated by any distribution. B. will have a variance of one. C. can be approximated by a normal distribution. D. will have a mean of one.
What are the four advantages of using a data flow approach over narrative explanations of data movement?
What will be an ideal response?