Intermediate Accounting

Question 6

A proxy statement includes:

a) compensation information for directors and top executives.

b) notice of plans at the annual meeting to elect board members.

c) issues before the shareholders to vote at the annual meeting or by proxy.

d) All of the other answer choices are correct.

Question 20

Which of the following items would affect the balance of accumulated other comprehensive income (AOCI)?

a) Foreign currency translation adjustment.

b) Loss on the write-down of obsolete inventory.

c) Interest income from loans to company employees.

d) Income from discontinued operations.