Problem 9-15 Multiple choice (IFRS) 1. Comprehensive income includes all of the following except a. Dividend revenue b. Loss on disposal of asset c. Investment by owners d. Unrealized gain on trading investment 2. It comprises items of income and expense, including reclassification adjustments, that are not recognized in profit or loss as required or permitted by IFRS. a. Comprehensive income b. Other comprehensive income c. Profit or loss d. Retained income 3. Comprehensive income always a. Is the same as net income. b. Is greater than net income c. Is less than net income. d. Could be greater than or less than net income. 4. Earnings a. Include certain gains excluded from comprehensive income b. Are the same as comprehensive income c. Exclude certain gains included in comprehensive income d. Include certain losses excluded from comprehensive income 5. Other comprehensive income includes all, except a. Gain and loss arising from translating the financial statements of a foreign operation. b. Gain and loss from debt investment measured at f fair value through OCI. c. Gain and loss on hedging instrument in a cash flow hedge d. Dividend paid to shareholders.

Problem 9-15 Multiple choice (IFRS) 1. Comprehensive income includes all of the following except a. Dividend revenue b. Loss on disposal of asset c. Investment by owners d. Unrealized gain on trading investment 2. It comprises items of income and expense, including reclassification adjustments, that are not recognized in profit or loss as required or permitted by IFRS. a. Comprehensive income b. Other comprehensive income c. Profit or loss d. Retained income 3. Comprehensive income always a. Is the same as net income. b. Is greater than net income c. Is less than net income. d. Could be greater than or less than net income. 4. Earnings a. Include certain gains excluded from comprehensive income b. Are the same as comprehensive income c. Exclude certain gains included in comprehensive income d. Include certain losses excluded from comprehensive income 5. Other comprehensive income includes all, except a. Gain and loss arising from translating the financial statements of a foreign operation. b. Gain and loss from debt investment measured at f fair value through OCI. c. Gain and loss on hedging instrument in a cash flow hedge d. Dividend paid to shareholders.

Name: Kindly answer the following questions. Problem 9-15 Multiple choice (I
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Description: Kindly answer the following questions. Problem 9-15 Multiple choice (IFRS)1. Comprehensive income includes all of the followingexcepta. Dividend revenueb. Loss on disposal of assetc. Investment by ownersd. Unrealized gain on trading investment2. It c

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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