What is a Comprehensive Income?

Questions by johnmathew986   answers by johnmathew986

Showing Answers 1 - 6 of 6 Answers

JoannaSmith

  • Apr 15th, 2007
 

Items GAAP does not want us to record in Income Statement.  GAAP does not want financial statements provider to mislead users. Ex. items will record in comprehensive income are Unrealized gain or loss on avaliable-for-sales securities; Unrecognized net gain or loss; Unrecognized prior service cost (credit); Unrecognized net gain or loss.

  Was this answer useful?  Yes

Swapna

  • Sep 4th, 2007
 

Equals net income minus all recognized changes in equity during a period

  Was this answer useful?  Yes

Give your answer:

If you think the above answer is not correct, Please select a reason and add your answer below.

 

Related Answered Questions

 

Related Open Questions