Which of the following items would be included in comprehensive income but not reported as a component of net income?
A. A lower-of-cost-or-market write-down of inventory.
B. A material loss due to natural disaster.
C. An unrealized gain on the portfolio of available-for-sale marketable securities.
D. A gain on the sale of a segment of the business.
C
Business
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Which method of estimating bad debt expense focuses on matching that expense to revenues generated from offering credit sales?
A) net method B) allowance method C) aging method D) percentage-of-sales method
Business
Which of the following cost of quality categories represent the cost incurred to "re-inspect a reworked blender?"
A) Prevention costs B) Internal failure costs C) Appraisal costs D) External failure costs
Business