Comprehensive income differs from net income in that it includes events that are recognized but not realized.

Name: Comprehensive income differs from net income in that it includes events that are recognized but not realized.
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Question

Quizplus · Accepted Answer

Comprehensive income includes unrealized gains or losses such as changes in the value of available-for-sale securities or pension plan adjustments, whereas net income only includes realized gains and losses from business operations.

Comprehensive Income Differs from Net Income in That It Includes