Comprehensive income is
a. considered an appropriation of retained earnings when reported in the Stockholders' Equity section of the balance sheet.
b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement.
c. reporting all items that are not under management's control on the statement of retained earnings.
d. an all-inclusive approach to income that includes transactions that affect stockholders' equity with the exception of those transactions that affect owners.
d
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Indicate whether the statement is true or false
Which of the following would be likely to be true in a country with a high power distance?
A) Hundreds of statues, billboards, and posters of the leader would appear all over the capital. B) The leader's likeness would appear only in the newspaper from time to time. C) Top managers and employees would dress in similar ways. D) Rather than employ a driver, top managers would drive their own cars to work.