Asked by Bailey Hembree on May 13, 2024
Verified
Comprehensive income is all changes in stockholders' equity during the period except those resulting from dividends and stockholders' investments.
Stockholders' Equity
The corporation's residual interest in the assets of the company after deducting liabilities.
Comprehensive Income
The total change in equity for a business that is not attributable to owners' investments or withdrawals.
- Comprehend the management of earnings and losses on investments and how they influence financial statements.
Verified Answer
TS
Trenisha SmithMay 17, 2024
Final Answer :
True
Explanation :
Comprehensive income includes all changes in stockholders' equity such as gains and losses from foreign currency translation, unrealized gains and losses on available-for-sale securities, and changes in pension plan obligations, among others. Dividends and stockholders' investments are excluded from comprehensive income.
Learning Objectives
- Comprehend the management of earnings and losses on investments and how they influence financial statements.