Which of the following items is NOT included in other comprehensive income? Multiple Choice Gains and losses on derivatives designated as cash flow hedges

Accounting Jan 23, 2021

Which of the following items is NOT included in other comprehensive income? Multiple Choice Gains and losses on derivatives designated as cash flow hedges. Unrealized gains and losses on translating financial statements of certain types of foreign operations. Gains and losses on fair value through profit or loss (FVTPL) securities. Gains and losses on nonstrategic investments elected as FVTOCI securities.

Expert Solution

In business accounting, other comprehensive income (OCI) includes revenues, expenses, gains, and losses that have yet to be realized.
So the Answer is Option:C
Show Sime live in the form of Likes

Archived Solution

Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In

Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution

Get Custom Quote