Answered: 16 At year end, other comprehensive…

16 At year end, other comprehensive income is closed out to Select one: a.share capital. b.retained earnings. c.net income. d.accumulated other comprehensive income.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 20MC: Which of the following is a measurement of earnings that represents the profit before interest,...

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Question

At year end, other comprehensive income is closed out to

Select one:

a.
share capital.

b.
retained earnings.

c.
net income.

d.
accumulated other comprehensive income.

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