The statement of comprehensive income reports the profit or loss and other
Comprehensive income.Which of the following is an example of other comprehensive income?
A)dividends
B)royalties
C)non-current asset revaluations taken directly to a revaluation surplus
D)sales

Question

Quizplus · Accepted Answer

Other comprehensive income includes items that are not part of the company's normal business operations, such as unrealized gains or losses on investments or non-current asset revaluations taken directly to a revaluation surplus. Dividends, royalties, and sales are all part of the company's normal business operations and would be reported as part of the profit or loss in the statement of comprehensive income.

The Statement of Comprehensive Income Reports the Profit or Loss