Comprehensive income under IFRS
excludes unrealized gains and losses included in net income, in
contrast to GAAP.
includes unrealized gains and losses included in net income, similar to
GAAP.
excludes unrealized gains and losses included in net income, similar to
GAAP.
includes unrealized gains and losses included in net income, in
contrast to GAAP
7-
Multiple Choice Question 134
If a company has net sales of $700,000 and cost of goods sold of
$490,000, the gross profit percentage is
30%.
70%.
100%.
15%.
8-
Multiple Choice Question 118
The consistent application of an inventory costing method is essential
for
accuracy.
efficiency.