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