[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares A. both are true B. both are false C. Only S1 is true D. Only S2 is true
[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares A. both are true B. both are false C. Only S1 is true D. Only S2 is true
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[S1] Operating performance of an entity is reflected by the level of income
earned by the entity thru efficient and effective utilization of resources.
[S2] Comprehensive income would include gain on sale of investment in
ordinary shares
A. both are true
B. both are false
C. Only S1 is true
D. Only S2 is true
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