"Other comprehensive income" does not include
A)revaluations of property, plant and equipment.
B)certain translation gains and losses on foreign currency.
C)realized gains and losses on trading investments.
D)unrealized gains and losses for trading investments.

Question

Quizplus · Accepted Answer

"Other comprehensive income" includes items that are not realized and thus not included in net income. Realized gains and losses on trading investments are included in net income, not in other comprehensive income. Items like revaluations of property, plant, and equipment, certain translation gains and losses on foreign currency, and unrealized gains and losses for trading investments are examples of what would be included in other comprehensive income.

"Other Comprehensive Income" Does Not Include