asked 20.9k views
3 votes
What is the first line item on a Statement of Comprehensive Income using the two-statement approach?

asked
User Hgl
by
8.2k points

1 Answer

2 votes

Final answer:

The first line item on a Statement of Comprehensive Income using the two-statement approach is usually Revenue or Sales.

Step-by-step explanation:

The first line item on a Statement of Comprehensive Income using the two-statement approach is usually Revenue or Sales. This represents the total amount of money generated from the sale of goods or services. Revenue is an important metric as it indicates the company's ability to generate income from its core operations.

answered
User Adreno
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.