According to the FASB's conceptual framework,comprehensive income includes which of the following? Gross Profit Operating Income
A) No No
B) No Yes
C) Yes Yes
D) Yes No

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity (net assets) of an entity during a period from transactions and other events and circumstances from nonowner sources. It includes revenues, expenses, gains, and losses.

According to the FASB's Conceptual Framework,comprehensive Income Includes Which of the Following