Comprehensive income includes both net income and the change in market value of available-for-sale securities.

Question

Quizplus · Accepted Answer

Comprehensive income is the total change in equity during a period, including both transactions and unrealized gains or losses from certain investments such as available-for-sale securities. Therefore, it includes both net income and the change in market value of available-for-sale securities.

Comprehensive Income Includes Both Net Income and the Change in Market