(Learning Objective 4: Assessing net income versus comprehensive income) Company Nought reported a net profi t of...

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(Learning Objective 4: Assessing net income versus comprehensive income) Company Nought reported a net profi t of $2 million on its income statement and a $2 million loss in other comprehensive income. Company Zilch reported a net loss of $2 million on its income statement and a $2 million other comprehensive income. Both Nought and Zilch thus report zero total comprehensive income.

If you have to pick one company, which company would you pick? Why?

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