Multiple Choice
Unrealized gains or losses on available-for-sale investments are reported as:
A) part of a company's pro forma earnings only.
B) part of a company's net income or loss from its continuing operations.
C) other comprehensive income, since these items do not enter into the determination of net income.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q83: Comprehensive income includes net income less unrealized
Q84: Components of earnings quality include:<br>A)proper revenue and
Q85: If a company records a revenue or
Q86: Changes in accounting principles:<br>A)are reported for the
Q87: Prior-period adjustments are added to or deducted
Q89: The amount of cash dividends declared during
Q90: On January 1, Polk Corporation's Retained Earnings
Q91: The gain or loss on the disposal
Q92: If income tax expense and income tax
Q93: Companies with a complex capital structure report:<br>A)basic