Multiple Choice
All of the following statements regarding other comprehensive income are true except:
A) Other comprehensive income includes unrealized gains and losses on available-for-sale securities.
B) Other comprehensive income is not considered when calculating comprehensive income.
C) Other comprehensive income includes foreign currency adjustments.
D) Other comprehensive income includes pension adjustments.
E) Accumulated other comprehensive income is defined as the cumulative impact of other comprehensive income.
Correct Answer:
Verified
Correct Answer:
Verified
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