Net income is generally viewed as a more inclusive measure of performance than comprehensive income.

Name: Net income is generally viewed as a more inclusive measure of performance than comprehensive income.
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Question

Quizplus · Accepted Answer

Comprehensive income is a more inclusive notion of company performance because it includes all recognized changes in equity that occur during a period, except those resulting from investments by owners and distribution to owners.

Net Income Is Generally Viewed as a More Inclusive Measure