Which of the following is included comprehensive income?

Question

Quizplus · Accepted Answer

Deferred gains or losses from derivatives are included in comprehensive income. Comprehensive income includes all changes in equity during a period of time that did not originate from transactions with owners. Option A, owner's investments, is considered a transaction with owners and is not included in comprehensive income. Option B, purchase of capital assets, is considered a capital expenditure and is also not included in comprehensive income. Option C, preferred dividends, is considered a distribution to owners and is not included in comprehensive income.

Which of the Following Is Included Comprehensive Income