How does the statement of comprehensive income differ from a traditional statement of financial performance?
A)it does not show a gross profit.
B)it only shows realised gains and losses.
C)it shows all realised and unrealised gains and losses.
D)it does not show financial expenses.

Question

Quizplus · Accepted Answer

The statement of comprehensive income shows all realised and unrealised gains and losses, including those that are not recognized in the traditional statement of financial performance. Therefore, options A, B, and D are incorrect because they do not accurately describe the differences between the two statements.

How Does the Statement of Comprehensive Income Differ from a Traditional