Components of 'other comprehensive income' would include:
A) net profit reported in the statement of comprehensive income.
B) net operating cash flows reported on the statement of cash flows.
C) changes in revaluation surplus.
D) net operating cash flows reported on the statement of cash flows, plus total of all income and expenses recognised directly in equity.

Question

Quizplus · Accepted Answer

Other comprehensive income includes items that are not included in net profit or loss for the period, such as changes in revaluation surplus. This encompasses items like unrealized gains or losses on certain types of investments, actuarial gains or losses on defined benefit plans, and foreign currency translation differences, among others.

Components of 'Other Comprehensive Income' Would Include