Which of the following is an acceptable way of reporting a company's comprehensive income?
A) on the face of the income statement only
B) in a separate, consecutive, statement of comprehensive income only
C) in the statement of changes in shareholders' equity only
D) both a and b are acceptable

Question

Quizplus · Accepted Answer

Comprehensive income can be reported either on the face of the income statement or in a separate, consecutive statement of comprehensive income. Both methods are acceptable according to accounting standards.

Which of the Following Is an Acceptable Way of Reporting