Comprehensive income is equal to
A) net income minus comprehensive income.
B) net income plus comprehensive income.
C) gross profit plus comprehensive income.
D) gross profit minus comprehensive income.

Question

Quizplus · Accepted Answer

Comprehensive income represents all changes in equity during a period, except those resulting from investments by owners and distributions to owners. Therefore, comprehensive income should be added to net income to calculate the total income recognized during the year.

Comprehensive Income Is Equal to