CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Which item is included in comprehensive income?

I. Unrealized gains/losses from held-to-maturity securities
II. Unrealized gains/losses from trading securities
III. Unrealized gains/losses from available-for-sale securities
A. I
B. III
C. II and III
Explanation: II is included in net income so it is also included in comprehensive income, as net income is part of comprehensive income. III is only included in comprehensive income.

User Contributed Comments 12

User Comment
paolino9290 tricky question....
dblueroom sticky... on exam day I would only choose III however
malawyer good one
yxten1 sigh...net income is also part of comprehensive income
boddunah comprehensive income = NI + OCI.expect this kinda question on the exam.very good one.i knew unrealised gains/losses from trading securities are included in income statement. still made mistake . did not read carefully. i assumed Other Comprehensive Income and chose B as answer.
Thecatz89 tricky
gill15 I thought I knew all this stuff but nope. This exam is ALL about doing questions..
harpalani How about unrealised gains/losses on held-to-maturity investments?
czar held to maturity securities are held at cost till sold..so no unrealised g/l is recognised in the interim
dream007 is this exam a game??
jjhigdon Yes, a game that you win or lose based on your understanding of the material.
oshunt Cersei Lannister: When you play the game of CFA you Pass or you Fail
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