Which of the following items is included as part of comprehensive income but is not included as part of net income?
A)Gains and losses from sales of property,plant and equipment.
B)Foreign currency translation gains and losses.
C)Income taxes and payroll taxes.
D)Gains and losses from discontinued operations.

Question

Quizplus · Accepted Answer

Comprehensive income includes items that are not part of net income, such as foreign currency translation gains and losses. Items in choices A, C, and D are all included in net income.

Which of the Following Items Is Included as Part of Comprehensive