Which of the following items would be shown in the statement of comprehensive income, but not as part of ""net income""?
A) Sales
B) Gains from holding long-term securities that increased in value during the year
C) Losses on the sale of land
D) Interest income

Question

Quizplus · Accepted Answer

Gains from holding long-term securities that increased in value during the year are included in the statement of comprehensive income, but not as part of net income. The other items listed (sales, losses on sale of land, and interest income) are all included in net income.

Which of the Following Items Would Be Shown in the Statement