Which of the following is not required by FASB to be reported in the Comprehensi
ID: 2735176 • Letter: W
Question
Which of the following is not required by FASB to be reported in the Comprehensive Income?
A decrease in the value of options the company bought to hedge a change in oil prices
A decrease in the value of Treasury bonds held by the firm available for sale
A decrease in the market value of company's factory building
A decrease in value of investments made by the firm to meet its pension obligations
A decrease in the value of options the company bought to hedge a change in oil prices
A decrease in the value of Treasury bonds held by the firm available for sale
A decrease in the market value of company's factory building
A decrease in value of investments made by the firm to meet its pension obligations
Explanation / Answer
Answer is Option C i.e. A decrease in the market value of the company's factory building.
As per FASB, in the Comprehensive income all the changes in equity during a period except those resulting from investments by owners and distributions to owners should be reported.
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