Wal-Mart’s Comprehensive Income Following is the consolidated statement of shareholders’ equity of Wal-Mart Stores, Inc., for the year ended January 31, 2009:

Wal-Mart Stores, Inc.
Consolidated Statements of Shareholders’ Equity Accumulated Capital in Other Number of Common Excess of Comprehensive Retained (Amounts in millions except per share data) Shares Stock Par Value Income (Loss) Earnings Total Balance—January 31, 2008 3,973 $397 $3,028 $3,864 $57,319 $64,608 Comprehensive income:
Net income 13,400 13,400 Other comprehensive income:
Foreign currency translation (6,489) (6,489)
Net changes in fair values of derivatives (17) (17)
Minimum pension liability (46) (46)
Total comprehensive income 6,848 Cash dividends ($0.95 per share) (3,746) (3,746)
Purchase of Company stock (61) (6) (95) (3,315) (3,416)
Stock options exercised and other 13 2 987 2 991 Balance—January 31, 2009 3,925 $393 $3,920 $(2,688) $63,660 $65,285 Required 1. Which items were included in comprehensive income? If these items had been included on the income statement as part of net income, what would have been the effect?
2. Do you think that the concept of comprehensive income would be useful to explain to the stockholders of Wal-Mart the impact of all events that took place during 2008? Why or why not?AppendixLO1