The statement of comprehensive income differs from a traditional statement of financial performance in that:
A) it does not show a gross profit.
B) it only shows realised gains and losses.
C) it shows all realised and unrealised gains and losses.
D) it does not show financial expenses.

Question

Quizplus · Accepted Answer

The statement of comprehensive income shows all realized and unrealized gains and losses, including those from investments and foreign exchange fluctuations. This is different from a traditional statement of financial performance, which typically only shows realized gains and losses from ordinary business activities. The statement of comprehensive income includes a gross profit, as well as expenses, including financial expenses.

The Statement of Comprehensive Income Differs from a Traditional Statement