C is corrent. Other comprehensive income items should be classified based on their nature. Therefore, there should be separate classifications for foreign currency items, pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Gains (losses) on the sale of treasury stock result from a transaction with owners in their capacity as owners and are not included in comprehensive income.
A is incorrect. Other comprehensive income items should be classified based on their nature. Therefore, there should be separate classifications for foreign currency items, pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Gains (losses) on the sale of treasury stock result from a transaction with owners in their capacity as owners and are not included in comprehensive income.
A is incorrect. Other comprehensive income items should be classified based on their nature. Therefore, there should be separate classifications for foreign currency items, pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Gains (losses) on the sale of treasury stock result from a transaction with owners in their capacity as owners and are not included in comprehensive income.
D is incorrect. Other comprehensive income items should be classified based on their nature. Therefore, there should be separate classifications for foreign currency items, pension liability adjustments, and unrealized gains and losses on certain investments in debt and equity securities. Gains (losses) on the sale of treasury stock result from a transaction with owners in their capacity as owners and are not included in comprehensive income.
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