Reporting comprehensive income can be accomplished by each of the following methods except:
A) in the statement of shareholders' equity.
B) a single, continuous statement of comprehensive income.
C) in two separate, but consecutive statements.
D) all of these answer choices are acceptable methods.

Question

Quizplus · Accepted Answer

Comprehensive income cannot be reported in the statement of shareholders' equity. It must be reported either in a single continuous statement or in two separate but consecutive statements.

Reporting Comprehensive Income Can Be Accomplished by Each of the Following