Which of the following is true of comprehensive income?
A) All items included in comprehensive income enter into the determination of net income.
B) Dividend payments are not included in the determination of comprehensive income, even though it results in a decrease in total stockholders' equity.
C) Comprehensive income includes company changes in total stockholders' equity from all sources, including owners' investments.
D) Comprehensive income cannot be combined with a traditional income statement into a combined statement of comprehensive income.
B
You might also like to view...
According to the Truth-in-Savings Act, the interest rate that banks are required to report when you deposit money in an account is known as
A. capital-gains yield. B. annual percentage yield. C. current yield. D. total return.
Manufacturing is often the quickest route for developing countries to increase domestic wealth and the wages of their citizens.
Answer the following statement true (T) or false (F)
A(n) ________ is a clause in an instrument that permits the maker to pay the amount due prior to the date of the instrument
A) prepayment clause B) acceleration clause C) extension clause D) forestallment clause
________ torts involve carelessness on the part of the defendant
A) Comparative liability B) Intentional C) Negligent D) Strict liability