Comprehensive income may be presented in a statement with net income, in a separate statement, or as part of stockholders' equity.

Question

Quizplus · Accepted Answer

Comprehensive income can be presented in a statement with net income (called the income statement), in a separate statement (called the statement of comprehensive income), or as part of the stockholders' equity section of the balance sheet. Therefore, the statement "Comprehensive income may be presented in a statement with net income, in a separate statement, or as part of stockholders' equity" is true.

Comprehensive Income May Be Presented in a Statement with Net