Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity except those resulting from investments by owners (such as issuing new shares) and distributions to owners (such as dividends). It includes both realized and unrealized gains and losses, such as changes in the value of available-for-sale investments or foreign currency translation adjustments.

Comprehensive Income Includes All Changes in Equity During a Period