Item(s)that would be included in other comprehensive income include

Question

Quizplus · Accepted Answer

Unrealized gains (losses) on available-for-sale investments would be included in other comprehensive income. Unrealized gains or losses are changes in the fair value of an investment that have not yet been realized through a sale or disposition. Held for trading investments (A) are not included in other comprehensive income because gains and losses from these investments are recognized in net income. Held to maturity investments (C) are not included in other comprehensive income because they are accounted for using the amortized cost method and changes in fair value are not recognized. Unrealized gains (losses) on discontinued operations (D) would be recognized in net income because they are considered a gain or loss from a one-time transaction. Net income (E) is not part of other comprehensive income, as it represents the overall profit or loss generated during a reporting period.

Item(s)that Would Be Included in Other Comprehensive Income Include