Comprehensive income includes all except:
A)Revenues and expenses reported in the income statement.
B)Dividends paid to shareholders.
C)Unrealized gains and losses on long-term available-for-sale debt securities.
D)All changes in equity for a period except those due to investments and distributions to owners.
E)Gains and losses reported in the income statement.

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity for a period except those due to investments and distributions to owners, such as dividends paid to shareholders. Therefore, choice B is the correct answer as it is not included in comprehensive income.

Comprehensive Income Includes All Except