Final answer:
The claim that comprehensive income should be reported on a per share basis like net income is false because it includes volatile items not directly related to daily operations.
Step-by-step explanation:
The statement "Just like net income, comprehensive income should be reported on a per share basis" is false. The presentation of comprehensive income on a per share basis is not required or customary in financial reporting. Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Unlike net income, comprehensive income includes items such as unrealized gains and losses on certain types of investments, foreign currency translation adjustments, and pension plan gains and losses, which are not typically reported per share because they can fluctuate significantly and are not considered results of daily operations that inform investors of the earning power of the company on a per-share basis.