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Generally Accepted Accounting Principles (GAAP) MCQs

What is comprehensive income?

Income less any taxes

Income from the main product line, without clubbing the income from other product lines

Income including all extraordinary items

Normal income including revenues, cogs, expenses, gains and losses

Answer

Correct Answer: Normal income including revenues, cogs, expenses, gains and losses

Explanation:

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More Generally Accepted Accounting Principles (GAAP) MCQ Questions

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