Comprehensive income would not include
A) dividends declared.
B) unrealized gains on available-for-sale securities.
C) discontinued operations.
D) other expenses and losses.

Question

Quizplus · Accepted Answer

Dividends declared are considered a distribution of profits to shareholders and are not considered part of comprehensive income. Comprehensive income includes all changes in equity during a period from non-owner sources, such as unrealized gains or losses on available-for-sale securities, discontinued operations, and other expenses and losses recognized in other comprehensive income.

Comprehensive Income Would Not Include