Comprehensive income includes all except:
A)Revenues and expenses reported in the income statement.
B)Dividends paid to shareholders.
C)Unrealized gains and losses on long-term available-for-sale securities.
D)All changes in equity for a period except those due to investments and distributions to owners.
E)Gains and losses reported in the income statement.

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity for a period except those due to investments and distributions to owners, revenues and expenses reported in the income statement, unrealized gains and losses on long-term available-for-sale securities, and gains and losses reported in the income statement. Dividend payments to shareholders are not considered in comprehensive income as they represent distributions to owners.

Comprehensive Income Includes All Except