All of the following is/are components of comprehensive income except
A)foreign currency translation adjustment.
B)unrealized gains and losses on trading securities.
C)deferred gains and losses on derivative financial instruments.
D)change in the minimum pension liability.
E)All of these answer choices are components of comprehensive income.

Question

Quizplus · Accepted Answer

Unrealized gains and losses on trading securities are not considered components 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 other options listed (foreign currency translation adjustment, deferred gains and losses on derivative financial instruments, and change in the minimum pension liability) are all components of comprehensive income.

All of the Following Is/are Components of Comprehensive Income Except