Comprehensive income equals ________.
A)net income minus preferred dividends
B)net income
C)net income plus other comprehensive income
D)net income plus all non-operating gains and losses

Question

Quizplus · Accepted Answer

Comprehensive income includes net income and other comprehensive income, which consists of unrealized gains and losses on available-for-sale securities, foreign currency translation adjustments, and certain pension adjustments. It does not include preferred dividends or non-operating gains and losses.

Comprehensive Income Equals ________