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 as part of comprehensive income but not as part of net income. Net income typically only includes realized gains or losses on the sale of assets and income tax expenses. Comprehensive income includes all changes in equity during a period, including unrealized gains or losses. Gains or losses on the sale of equipment and investments are included in both net income and comprehensive income.

Which of the Following Items Is Included as Part of Comprehensive