Comprehensive income is reported on the statement of comprehensive income.

Question

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Comprehensive income is reported on the statement of comprehensive income as the name suggests. It includes all changes in equity during a period from non-owner sources, such as unrealized gains or losses on investments, foreign currency translation adjustments, and certain pension adjustments. The statement of comprehensive income is a component of the financial statements that presents a comprehensive view of the financial performance of an entity.

Comprehensive Income Is Reported on the Statement of Comprehensive Income