Which of the following is an acceptable method to report total comprehensive income?
A)On the face of the balance sheet.
B)Total comprehensive income does not have to be reported.
C)In the operating section of the cash flow statement.
D)In the statement of stockholders' equity.

Question

Quizplus · Accepted Answer

Total comprehensive income can be reported in the statement of stockholders' equity, which shows changes in equity accounts over a period of time. This statement includes comprehensive income, which is the sum of net income and other comprehensive income items such as unrealized gains or losses on available-for-sale securities or foreign currency translation adjustments. Reporting on the balance sheet or cash flow statement is not appropriate for reporting total comprehensive income.

Which of the Following Is an Acceptable Method to Report