Gains and losses identified as other comprehensive income have the same status as traditional gains and losses under
A) both the one statement and two statement approaches.
B) neither the one statement or two statement approaches.
C) the one statement approach.
D) the two statement approach.

Question

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The Answer of Gains and losses identified as other comprehensive income have the same status as traditional gains and losses under
A) both the one statement and two statement approaches.
B) neither the one statement or two statement approaches.
C) the one statement approach.
D) the two statement approach.

Gains and Losses Identified as Other Comprehensive Income Have the Same