Other comprehensive income may include certain adjustments to reflect some assets at their fair value.

Question

Quizplus · Accepted Answer

Other comprehensive income (OCI) is a component of the comprehensive income of an entity. It includes gains and losses that are not part of the entity's net income but are recognized in the financial statements. These gains and losses may include adjustments to reflect some assets at their fair value, among other items. Therefore, option A is correct.

Other Comprehensive Income May Include Certain Adjustments to Reflect Some