Budgets Flashcards
1
Q
Flexible Budget Equation
A
total costs = fixed coss + variable cost times cost driver(independent driver)
2
Q
what is comprehensive income
A
net income plus other comprehensive income
3
Q
what is other comprehensive income
A
afs securities
cash flow hedges
foreign currency translation
pension adjustments
gains/loss on foreign currency transactions
4
Q
Comprehensive income
A
an element of the financial statements that include all differences between the beg and end equity other than transactions between an entity and its owners
5
Q
A
