Reading 32: Understanding the Income Statement - LOS k ～ Q statements, should, white, style, black

mayanfang1

Q1. Where in the financial statements should a firm recognize the unrealized gains and losses on cash flow hedging derivatives and the unrealized gains and losses on available-for-sale securities?

          Cash flow hedging derivatives         Available-for-sale securities

 

A) Other comprehensive income     Net income

B) Other comprehensive income     Other comprehensive income

C) Net income                                      Other comprehensive income

Q2. According to the Financial Accounting Standards Board, what is the appropriate balance sheet treatment for available-for-sale securities and where are the unrealized gains and losses reported?

          Balance sheet                     Unrealized gains and losses

 

A) Fair value                                  Other comprehensive income

B) Amortized cost                        Other comprehensive income

C) Fair value                                 Net income

Q3. Are dividends paid to common shareholders and foreign currency translation gains and losses included in a firm’s other comprehensive income?

          Dividends paid   Foreign currency translation gains and losses

 

A)   No                                         Yes

B)   Yes                                        Yes

C)   No                                         No

shing1314

thanks for sharing

coladad

aaa看看答案

shannyzheng

thank you so much!

georgejyh

回复 1# mayanfang1


    tx

kepei7763

thx

zsd425

 谢谢

seraphiris0116

thanks

JK22

fa

tongfeibw08

 profitability