To arrive at comprehensive income,additional items are included
A)after the calculation of net income on the income statement.
B)before the calculation of net income,but categorized as separate line items.
C)before the calculation of net income,and categorized within current line items.
D)as described in the rules governing ASPE.

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 calculated after determining net income, adding items that are not included in the net income calculation, such as unrealized gains or losses on certain types of investments.

To Arrive at Comprehensive Income,additional Items Are Included