A statement of comprehensive income does not include:
A) Net income.
B) Losses resulting from the return on pension assets exceeding expectations.
C) Losses from changes in estimates regarding the PBO.
D) Prior service cost.

Question

Quizplus · Accepted Answer

Losses resulting from the return on pension assets exceeding expectations are typically included in other comprehensive income, not the statement of comprehensive income. The statement of comprehensive income includes all components of net income and other comprehensive income, except for items that are specifically related to pension assets' performance exceeding expectations, which are recorded directly in equity through other comprehensive income.

A Statement of Comprehensive Income Does Not Include