Which of the following elements of financial statements is not a component of comprehensive income?
A)Revenues
B)Expenses
C)Losses
D)Distributions to owners
E)All of these are components of comprehensive income.

Question

Quizplus · Accepted Answer

Distributions to owners are not a component of comprehensive income. They are shown separately in the statement of changes in equity. Revenues, expenses, and losses are all components of comprehensive income.

Which of the Following Elements of Financial Statements Is Not