Under the accounting standards, which of these is not included in the calculation of a company's profit or loss (not including other comprehensive income in the definition of profit)?
A) Gain on the sale of fixed assets
B) Dividends received
C) Adjustments from translation of the financial statements of a foreign operation
D) Expense on the impairment of assets held

Question

Quizplus · Accepted Answer

Adjustments from the translation of the financial statements of a foreign operation are not included in the calculation of a company's profit or loss as defined traditionally. These adjustments are typically recognized in other comprehensive income, not in profit or loss.

Under the Accounting Standards, Which of These Is Not Included