Comprehensive income is:

a. considered an appropriation of retained earnings when reported in the stockholders’

equity section of the balance sheet.

b. the result of all events and transactions that affect income during the accounting period that are reported on the income statement.

c. reporting all items that are not under management’s control on the statement of retained earnings.

d. an all-inclusive approach to income that includes transactions that affect stockholders’ equity with the exception of those transactions that affect owners.