A statement of comprehensive income does not include:
A) Gains resulting from the return on pension assets exceeding expectations.
B) Gains and losses on unsold held-to-maturity debt securities.
C) Adjustments from foreign currency translation.
D) Prior service cost of pensions.

Question

Quizplus · Accepted Answer

Gains and losses on unsold held-to-maturity debt securities are reported in the statement of other comprehensive income, not the statement of comprehensive income. The other options listed (A, C, and D) are commonly reported in the statement of comprehensive income.

A Statement of Comprehensive Income Does Not Include