Which of the following is not included in comprehensive income?
A)net income
B)unrealized gains in the fair market value of equipment
C)foreign currency translation adjustments
D)certain pension plan gains (losses)and prior service cost adjustments

Question

Quizplus · Accepted Answer

Comprehensive income includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. Unrealized gains in the fair market value of equipment are not included in comprehensive income because they are typically recognized in the income statement only when realized.

Which of the Following Is Not Included in Comprehensive Income