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atement of Stockholders' Equity 7. Assume that Lou's Roofing Company reported the following information for the current accounting period. Gains are shown as positives and

image text in transcribed atement of Stockholders' Equity 7. Assume that Lou's Roofing Company reported the following information for the current accounting period. Gains are shown as positives and losses are show as negatives. a. Why does GAAP distinguish other comprehensive income from net income? b. What is Other Comprehensive Income for Roofing? c. What is Total Comprehensive Income for Roofing? d. The balance in Accumulated Other Comprehensive Income from the previous period for Roofing was $239. What is the ending balance in Accumulated Other Comprehensive Income for the current period

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