USCPA每日一练之FAR【2015-11-17】

高顿网校2015-11-17 17:34Lynn.yu
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　　Under FASB Statement of Financial Accounting Concepts 5, comprehensive income excludes changes in equity resulting from which of the following?

　　A. Unrealized loss on securities classified as available-for-sale.

　　B. Prior period error correction.

　　C. Loss from discontinued operations.

　　D. Purchases of treasury stock.

　　Answer:D

　　D is corrent. Per SFAC 6, comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

　　A is incorrect because it is included in comprehensive income because it is a change in equity, but is not an investment by, or distribution to, owners.

　　B is incorrect because it is included in comprehensive income because it is a change in equity, but is not an investment by, or distribution to, owners.

　　A is incorrect because it is included in comprehensive income because it is a change in equity, but is not an investment by, or distribution to, owners.

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