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What is the primary purpose of disclosing "Other Comprehensive Income" in the financial statements?
  • a)
    To show the company's total revenue and expenses
  • b)
    To present the company's net profit or loss
  • c)
    To provide information about items not qualifying for recognition in the statements
  • d)
    To indicate the company's cash flow from operating activities
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
What is the primary purpose of disclosing "Other Comprehensive In...
"Other Comprehensive Income" includes items that do not qualify for recognition in the primary financial statements but are important for understanding the company's financial position. This information is disclosed to provide a comprehensive view of the company's financial performance.
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What is the primary purpose of disclosing "Other Comprehensive Income" in the financial statements?a)To show the company's total revenue and expensesb)To present the company's net profit or lossc)To provide information about items not qualifying for recognition in the statementsd)To indicate the company's cash flow from operating activitiesCorrect answer is option 'C'. Can you explain this answer?
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What is the primary purpose of disclosing "Other Comprehensive Income" in the financial statements?a)To show the company's total revenue and expensesb)To present the company's net profit or lossc)To provide information about items not qualifying for recognition in the statementsd)To indicate the company's cash flow from operating activitiesCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of disclosing "Other Comprehensive Income" in the financial statements?a)To show the company's total revenue and expensesb)To present the company's net profit or lossc)To provide information about items not qualifying for recognition in the statementsd)To indicate the company's cash flow from operating activitiesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of disclosing "Other Comprehensive Income" in the financial statements?a)To show the company's total revenue and expensesb)To present the company's net profit or lossc)To provide information about items not qualifying for recognition in the statementsd)To indicate the company's cash flow from operating activitiesCorrect answer is option 'C'. Can you explain this answer?.
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