Comprehensive income is included as part of
A) retained earnings.
B) shareholders' equity.
C) unearned revenue.
D) net income.

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. It is part of shareholders' equity but is not included in retained earnings, unearned revenue, or net income directly. Comprehensive income is reported in a separate component of shareholders' equity.

Comprehensive Income Is Included as Part of