Each of the following would be reported as items of other comprehensive income except:
A)Foreign currency translation gains.
B)Unrealized gains on investments accounted for as securities available for sale.
C)Deferred gains from derivatives.
D)Gains from the sale of equipment.

Question

Quizplus · Accepted Answer

Gains from the sale of equipment would be reported as a gain or loss in the income statement, not as an item of other comprehensive income. Items such as foreign currency translation gains, unrealized gains on investments accounted for as securities available for sale, and deferred gains from derivatives are all typical examples of items that would be reported as other comprehensive income.

Each of the Following Would Be Reported as Items of Other