Question

Which of the following is an other comprehensive income item found in the statement of stockholders equity? a. Extraordinary items b. Earnings before income & taxes (EBIT) c. Unrealized marketable securities gains & losses d. Contingencies

Answer 1

The correct answer is b. Earnings before income & taxes (EBIT)

Step-by-step explanation:

Contingencies are not disclosed in the financial statements usually, they are disclosed under disclosures in the financial statements. Also, unrealized gains and extraordinary items are not necessarily showed under the equities statement. However, earnings of a company belongs to its owners, or the shareholders. Because of this EBIT is included.