Comprehensive income includes all except:
A. All changes in equity for a period except those due to investments and distributions to owners.
B. Unrealized gains and losses on long-term available-for-sale securities.
C. Revenues and expenses reported in the income statement.
D. Gains and losses reported in the income statement.
E. Dividends paid to shareholders.
Answer: E
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The text states, “Capitalism has an inherent contradiction.” What does that mean?
a. Capitalism ultimately lowers the amount of wealth in an economy. b. Competition is supposed to help the average worker succeed, but it only helps owners and managers. c. Competition is designed to be ethical but actually forces unethical behavior. d. Competition naturally leads to monopoly, which ends competition.
When a business requires frequent reporting of the same categories of informa-tion—
a. data remain relatively constant from one reporting period to the next. b. a form report may increase the report writer's efficiency. c. employees are often excused from reporting regularly. d. the data have little value to management.
While the Sentencing Guidelines are advisory, they tend to restrict the range of sentences judges impose in criminal convictions
a. True b. False Indicate whether the statement is true or false
Many organizations hire an outside consulting firm that specializes in systems development to perform some or all of their computer and information systems development activities.
Answer the following statement true (T) or false (F)