Question

Comprehensive income would be found in which financial statement? a. Income Statement b. Statement of Stockholders Equity c. Cash Flow Statement d. Balance Sheet

Answer 1

a. Income Statement

Step-by-step explanation:

Statement of Comprehensive income compromise on Income Statement and Other Comprehensive Income. other Comprehensive Income starts from the after Net Income of the year. Comprehensive Income is the net income and all unrealized income such as gains / losses on hedge/derivatives and foreign currency etc. It deals with all the historical incomes which are not dealt in the Income statement.