Which of the following is an example of other comprehensive income?
A) Dividends received.
B) Sales income.
C) Royalties.
D) Revaluations of assets recorded directly in the revaluation surplus account.

Question

Quizplus · Accepted Answer

Other comprehensive income (OCI) includes gains and losses that are not part of net income, but rather are recognized directly in equity. Revaluations of assets recorded directly in the revaluation surplus account is an example of OCI. Dividends, sales income, and royalties are not considered examples of OCI.

Which of the Following Is an Example of Other Comprehensive