Which of the following is not considered part of comprehensive income?
A) translation adjustments from financial statement conversions
B) gains and losses on derivative financial instruments
C) gains and losses associated with the sale of a business component
D) gain and losses associated with adjustments to pension plan assets and liabilities

Question

Quizplus · Accepted Answer

Gains and losses associated with the sale of a business component are not considered part of comprehensive income. Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The sale of a business component is typically treated as a part of net income, not comprehensive income, which includes items like translation adjustments, derivative financial instruments, and pension plan adjustments.

Which of the Following Is Not Considered Part of Comprehensive