Which of the following is not true?
a. Comprehensive income equals the net amount of revenues, expenses, gains, and losses during an accounting period.
b. Authoritative guidance classifies revenues and expenses arising from a firm's core business as components of net income.
c. Net income 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. Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income.
e. The FASB's and IASB's conceptual framework contains a conceptual model for classifying items in net income versus in other comprehensive income.
E
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The board of directors of a nonprofit organization is holding a public listening session to associate with others sharing similar interests. The board is attempting to build capacity by ______.
A. developing collaborations B. recruiting additional staff C. looking for ways to reorganize D. assessing organizational performance
Which of the following is NOT added to net income as an adjustment to reconcile net income to cash from operating activities on the statement of cash flows?
a. Increase in an accrued liability b. Amortization of discount on bond payable c. Loss on sale of operational asset d. Increase in deferred tax asset
You have attached a lengthy document to a client's e-mail. If you also need to explain some of the document's key points, what sort of e-mail would you write?
A) Con?rmation. B) Directive. C) Cover/Transmittal. D) None of the above.
_________ due process ensures fair proceedingsin the criminal justice system, such as the right to a speedy trial and the right to a jury trial
Fill in the blanks with correct word