Multiple Choice
Which of the following items would be included in comprehensive income but not reported as a component of profit?
A) A lower-of-cost-or-market write-down of inventory.
B) A material loss due to natural disaster.
C) A gain on the fair value changes on the portfolio of available-for-sale marketable securities.
D) A gain on the sale of a segment of the business.
Correct Answer:
Verified
Correct Answer:
Verified
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