[S1] Operating performance of an entity is reflected by the level of income earned by the entity thru efficient and effective utilization of resources. [S2] Comprehensive income would include gain on sale of investment in ordinary shares A. both are true B. both are false C. Only S1 is true D. Only S2 is true

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 12MC: The cost of equity is _______. A. the interest associated with debt B. the rate of return required...
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[S1] Operating performance of an entity is reflected by the level of income
earned by the entity thru efficient and effective utilization of resources.
[S2] Comprehensive income would include gain on sale of investment in
ordinary shares

A. both are true
B. both are false
C. Only S1 is true
D. Only S2 is true

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