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Comprehensive income includes? Revenues and expenses reported in the income stat

ID: 2458357 • Letter: C

Question

Comprehensive income includes?

Revenues and expenses reported in the income statement.

Gains and losses reported in the income statement.

Unrealized gains and losses on long-term available-for-sale securities.

All changes in equity for a period except those due to investments and distributions to owners.

All of these.

A.

Revenues and expenses reported in the income statement.

B.

Gains and losses reported in the income statement.

C.

Unrealized gains and losses on long-term available-for-sale securities.

D.

All changes in equity for a period except those due to investments and distributions to owners.

E.

All of these.

Explanation / Answer

Comprehensive income includes

C. Unrealized gains and losses on long-term available-for-sale securities.

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