Sales Returns & Allowances and Sales Discounts are subtracted from Sales in reporting Net Sales on the Income Statement.

Under U.S. GAAP, comprehensive income includes which of the following?

A) Investments by Owners Operating Income No Yes B) Investments by Owners Operating Income Yes No C) Investments by Owners Operating Income No No D) Investments by Owners Operating Income Yes Yes

Media developments that have changed the nature of video viewing include TV Pay per View and Video on Demand

Indicate whether the statement is true or false