Comprehensive income differs from net income in that it reflects certain unrealized holding gains and losses foreign currency translation adjustments, and minimum pension liability adjustments.

Question

Quizplus · Accepted Answer

Comprehensive income includes unrealized holding gains and losses, foreign currency translation adjustments, and minimum pension liability adjustments, which are not reflected in net income. Net income only includes realized gains and losses from the normal operations of a business.

Comprehensive Income Differs from Net Income in That It Reflects