Comprehensive income includes all except:
A. Unrealized gains and losses on long-term available-for-sale securities.
B. Gains and losses reported in the income statement.
C. Dividends paid to shareholders.
D. Revenues and expenses reported in the income statement.
E. All changes in equity for a period except those due to investments and distributions to owners.
Answer: C
You might also like to view...
A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the current ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
After using her same car for 17 years, Tracey's mechanic told her that it would cost more to fix the transmission than what the car was worth. She decided it was time for a new car. In which stage of the buying process is Tracey involved?
A. Information search B. Product purchase C. Need recognition D. Product examination E. Product selection
Which of the following is used by companies to separate cash duties and establish stronger control over cash receipts?
A) an encryption system B) an imprest system C) a lock-box system D) a firewall system
Explain the democratizing quality of new media.
What will be an ideal response?