Comprehensive Income - of net income. Changes in accounting...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Comprehensive Income Companies generally include in income all revenues, expenses, and gains and losses recognized during the period. These items are classified within the income statement so that financial statement readers can better understand the significance of various components
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: of net income. Changes in accounting principles and corrections of errors are excluded from the calculation of net income because their effects relate to prior periods....
View Full Document

Ask a homework question - tutors are online