A statement of comprehensive income does not include:
A)Gains resulting from the return on assets exceeding expectations.
B)Gains and losses on unsold held-to-maturity securities.
C)Losses resulting from the return on assets falling short of expectations.
D)Prior service cost.

Question

Quizplus · Accepted Answer

Gains and losses on unsold held-to-maturity securities are not included in the statement of comprehensive income as they are not recognized until the securities are sold or mature.

A Statement of Comprehensive Income Does Not Include