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 the above 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