F1 - Comprehensive Income

Question 1

Comprehensive income includes all changes in equity during a period except:

Answer 1

Those resulting from owner investments and distributions to owners.

Question 2

Accumulated other comprehensive income (AOCI) is reported:

Answer 2

In the stockholders’ equity section of the balance sheet.

Question 3

Components of Other Comprehensive Income

Answer 3

PUFER
Pension Adjustments
Unrealized gains and losses (AFS securities)
Foreign currency items
Effective portion of cash flow hedges
Revaluation surplus (IFRS only)

Question 4

Interim period tax expense is:

Answer 4

The estimated annual effective tax rate applied to the year-to-date income before taxes minus the tax expense recognized in previous interim periods.

Question 5

A reportable operating segment is one:

Answer 5

Having 10% of all revenue, including revenue from unafilliated sales and from intersegment sales.