NO.PZ2019120301000041
问题如下:
Question
The following information is from a company’s accounting records:
选项:
A.1,150.00 B.3,150.00 C.3,650.00解释:
SolutionC is correct.
Total comprehensive income = Net income + Other comprehensive income
Net Income = Revenues – Expenses.
Other comprehensive income includes gains or losses on available-for-sale (AFS) securities and translation adjustments on foreign subsidiaries.
(Revenues – Expenses) + Gain on AFS securities – Loss on FX translation
(12,500 – 10,000) + 1,475 – 325 = 3,650.
A is incorrect because it is just the other comprehensive income (1,475 – 325) and not the total comprehensive income.
B is incorrect because it also deducts dividends, which are deducted when calculating the change in shareholders’ equity but not total comprehensive income.