Comprehensive income includes all changes in equity resulting from ________.
A)contributions by owners
B)dividends
C)net losses
D)purchases of treasury stock

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity resulting from revenues and expenses, gains and losses, but excludes transactions with owners such as contributions and dividends, and transactions related to treasury stock such as purchases and sales. A net loss would result in a decrease in comprehensive income and therefore be included in the calculation.

Comprehensive Income Includes All Changes in Equity Resulting from ________