Comprehensive income/(loss) includes
A)net income/(loss)and accumulated other comprehensive income/(loss).
B)net income/(loss)and other comprehensive income/(loss).
C)other comprehensive income/(loss)and accumulated other comprehensive income/(loss).
D)other comprehensive income/(loss)only.

Question

Quizplus · Accepted Answer

Comprehensive income includes both net income (or loss) and other comprehensive income (or loss). Other comprehensive income consists of revenues, expenses, gains, and losses that are not included in net income but affect shareholders' equity.

Comprehensive Income/(loss) Includes