Join ExamsbookAnswer : 2. "contributions by owners"
Comprehensive income includes all of the following except5
Q: Comprehensive income includes all of the following except
- 1expensesfalse
- 2contributions by ownerstrue
- 3extraordinary itemsfalse
- 4lossesfalse
- Show AnswerHide Answer
- Workspace
Answer : 2. "contributions by owners"
Explanation :
Answer: B) contributions by owners Explanation: Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not been realized, including items like an unrealized holding gain or loss from available for sale securities and foreign currency translation gains or losses.