Unformatted text preview: face of the income statement. Other comprehensive income can be reported on the face of a statement of comprehensive income, in a separate statement, or directly within the statement of stockholders’ equity. When there is reported change in value for available for sale securities, “comprehensive income” becomes synonymous with “net income”. There are several ways to calculate return on assets. The numerator may include net income, net income + interest expense, or net income + net of tax interest expense....
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11