Which of the following items is included as part of comprehensive income but not as part of net income?

Question

Quizplus · Accepted Answer

Unrealized holding gains or losses are included in comprehensive income but not in net income. Comprehensive income is a broader measure of a company's financial performance that includes all changes in equity during a period, while net income only includes revenue and expenses that are recognized during the same period. Income tax expense, gains or losses on the sale of equipment, and gains or losses on the sale of investments are all included in net income.

Which of the Following Items Is Included as Part of Comprehensive