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Firms Have Considerable Flexibility as to How They Report Other

Question 20

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Firms have considerable flexibility as to how they report other comprehensive income each period.Under U.S.GAAP, they can include


A) it with net income in a single statement of comprehensive income.
B) it in a separate statement of other comprehensive income that is one of the notes to the financial statements.
C) it in a statement of changes in shareholders' equity.
D) all of the above.
E) none of the above.

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