Multiple Choice
All of the following statements regarding other comprehensive income are 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 is not the same as net income.
D) Comprehensive income is shown in the statement of comprehensive income.
E) Comprehensive income is the total of net income and other comprehensive income.
Correct Answer:
Verified
Correct Answer:
Verified
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