Which statement is correct regarding other comprehensive income (OCI) ?
A) Private companies using ASPE must report OCI.
B) OCI is profit from regular operations before income tax.
C) OCI includes certain adjustments made to reflect some assets at their fair value.
D) Public companies reporting under IFRS do not have to report OCI.
Correct Answer:
Verified
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A)is prepared after the
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A)are prepared before the financial statements.
B)reduce
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A)zero balances
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A)all journal
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Q134: Which statement below is incorrect?
A)An adjusted trial
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