Question

What item would not be included in comprehensive income? A) foreign currency translation adjustments B) unrealized...

What item would not be included in comprehensive income?

A) foreign currency translation adjustments

B) unrealized gains & losses

C) dividends to stockholders

D) all would be included in comprehensive income

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Asnwer - " C - Dividends to stockholders "

Comprehensive Income consist of all the incomes that would make a changes in stockholders' equity and it shall not include amounts invested by the shareholders or stockholders and the dividends made to the stockholders.

Some examples of Comprehensive Incomes are as follows ;

- Foreign currency translation adjustments

- unrealized gains & losses on available - for - sale securities and other financial investments made.

- Unrealized gains or losses on pension and retirement benefit plans.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1) What item would not be included in comprehensive income? A) foreign currency translation adjustments B)...
1) What item would not be included in comprehensive income? A) foreign currency translation adjustments B) unrealized gains & losses C) dividends to stockholders D) all would be included in comprehensive income 2)Salaries payable decreased from 2009 to 2010. Using the indirect method (statement of cash flows), the decrease should be: A) be subtracted from net income B) be added to net income C) have no adjustment made to net income D) be added to the investing section of the...
Which of the following items is reported in accumulated other comprehensive income? A) Foreign exchange remeasurement...
Which of the following items is reported in accumulated other comprehensive income? A) Foreign exchange remeasurement gains and losses B) Unrealized Losses on trading securities of foreign-based companies C) Unrealized foreign exchange transaction gains D) Cumulative foreign exchange transaction loss
Part A Which of the following would be included in net income? A. An unrealized gain...
Part A Which of the following would be included in net income? A. An unrealized gain on an available for sale debt investmenet as of the end of the accounting period. B. An unrealized gain as a result of a a foreign currency translation adjustment C. An unrealized loss on an avaiable for sale debt investment as of the end of the accounting period D. A gain from the disposal of equipment that occurred on the last day of the...
Amgen Inc. reports the following disclosure relating to its December 31, 2015, accumulated other comprehensive income....
Amgen Inc. reports the following disclosure relating to its December 31, 2015, accumulated other comprehensive income. $ Millions Foreign Currency Translation Cash Flow Hedges Available for sale Securities Other AOCI Balance as of Dec 31, 2014 $(264) $290 $(19)   $(15) $(8) Other Comprehensive Income: Foreign Currency Translation Adjustments $(257) $(257) Unrealized (Losses) Gains $150 $(299) $8 $(141) Reclassified Adj to Income    $(143) $76 $(67) Other $1 $1 Income Taxes $10 $(18) $8 Balance as of 12/31/2015: $(511) $267 $(260)...
A gain resulting from translating foreign currency financial statements (local currency is functional currency) into U.S....
A gain resulting from translating foreign currency financial statements (local currency is functional currency) into U.S. dollars should be reported as: a. a stockholders' equity adjustment from translation b. a deferred item in the balance sheet c. an extraordinary item in the income statement for the period in which the rates change d. an ordinary item in the income statement
Which of the following items would not be part of Xanadu Corporation's comprehensive income? a. loss...
Which of the following items would not be part of Xanadu Corporation's comprehensive income? a. loss incurred from a sale of Bantner company stock which Xanadu held as long as a long term investment b. dividend revenue Xanadu received from a stock investment Xanadu owns in the Adver corporation c. losses on disposal/sale of property, plant and equipment d. unrealized holding gains from revaluing marketable securities to market value e. None of the above. All of these are part of...
Comparing an income statement ratio like net profit margin against industry rivals would be an example...
Comparing an income statement ratio like net profit margin against industry rivals would be an example of: Cross-sectional analysis. Common-size analysis. Time-series analysis. Which of the following is least likely to be classified as other comprehensive income under U.S. GAAP? Changes in the value of long-lived assets that are measured using the revaluation model Unrealized holding gains and losses on available-for-sale securities Minimum pension liability adjustments A company’s other comprehensive income most likely includes: Unrealized gains and losses from cash...
Assume that you are the accountant for Ellis Corporation, which has issued its 2016 annual report....
Assume that you are the accountant for Ellis Corporation, which has issued its 2016 annual report. You have received an inquiry from a stockholder who has questions about several items in the annual report, including why Ellis has not shown certain transactions on the income statement. In particular, Ellis’s 2016 balance sheet revealed two accounts in Stockholders’ Equity (Unrealized Gain/Loss—Available-for-Sale Securities and Loss on Foreign Currency Translation Adjustments) for which the dollar amounts involved were not reported on the income...
Calstone, Inc. prepares an annual combined statement of income and comprehensive income. The following situations occurred...
Calstone, Inc. prepares an annual combined statement of income and comprehensive income. The following situations occurred during the company's 2015 fiscal year:    1. Land that had been held as an investment was sold and a gain was recognized. _________ 2. Losses from foreign currency translation were recognized. ____________ 3. Interest revenue was recognized.____________ 4. A division was sold that qualifies as a separate component ______________ 5. Unrealized losses on investments accounted for as securities available for sale were recorded.___...
Which statement is FALSE? a)       Goodwill recorded as the result of an acquisition is defined as...
Which statement is FALSE? a)       Goodwill recorded as the result of an acquisition is defined as the purchase price less the book value of net assets b)      Under SFAS 141, accounting for acquisitions can no longer result in an increase in the consolidated entity's stockholders' equity.   c)       One of the problems with purchase accounting is that there is often very little basis for comparability of financial statements before acquisition and after acquisition. d)      One of the problems with consolidated financial...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT