Week 2 - DQ 3 - What is included in other comprehensive income

Week 2 - DQ 3 - What is included in other comprehensive income

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Week 2 – DQ 3 What is included in other comprehensive income? Response #1 Other comprehensive income is gains and losses that have not been realized by a business yet. Gains and losses that have not been realized could include foreign currency translation gains or losses, foreign investments gains or losses, and unrealized pension costs. Other comprehensive income is the difference between net income and comprehensive income. Response #2 Comprehensive income is a specific term used in companies' financial reporting. It is also known as the change in equity of a business during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period except those that result from investing by owners and distributions to owners. Comprehensive incomes includes items like unrealized holding gain or loss from available for sale securities and foreign currency translation gains and losses. The items included in a comprehensive income but are not yet net
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Week 2 - DQ 3 - What is included in other comprehensive income

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