Under US GAAP, companies must provide a description of the changes in comprehensive income as either a separate statement or as a part of the statement of changes in stockholders' equity. Under IFRS, companies must also provide a description of the changes in comprehensive income in a:

Question

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Under IFRS, the statement that presents changes in other comprehensive income is known as the Statement of Recognized Income and Expense. This statement is separate from the income statement and provides a clear distinction between items that affect net income and those that do not. Therefore, Choice A is the best answer. Choices B, C, and D are incorrect because Statement of Unrecognized Income and Expense, Statement of Retained Earnings, and Income Statement do not provide a clear distinction between items that affect net income and those that do not, as required by IFRS.

Under US GAAP, Companies Must Provide a Description of the Changes