PART A:

PART B:

PART C:

Which of the following would be considered an "Other comprehensive income" item? Discontinued operations gain Unrealized loss on available-for-sale debt securities Net income Loss on disposal of discontinued operations Which of the following statements is true with respect to a financial statement reporting a change in accounting principle? Only a footnote is required to report the change. Management must show that the new accounting principle is preferable to the old method. Changes in both depreciation methods and inventory methods are reported retroactively. Comparability across periods is impaired. The order of presentation of items that may appear on the statement of comprehensive income is Income before income taxes, Discontinued operations, Other comprehensive income. Income before income taxes, Other comprehensive income, Discontinued operations. Other comprehensive income, Discontinued operations, Income before income taxes. Discontinued operations, Other comprehensive income, Income before income taxes