When preparing an income statement, which of the following items would most likely be classifi ed as
Question:
When preparing an income statement, which of the following items would most likely be classifi ed as other comprehensive income?
A . A foreign currency translation adjustment.
B . An unrealized gain on a security held for trading purposes.
C . A realized gain on a derivative contract not accounted for as a hedge.
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A is correct Other comprehensive income includes items that aff ect shar...View the full answer
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Related Book For 
International Financial Statement Analysis Workbook
ISBN: 9781119628095
4th Edition
Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie
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