Question
M18-O1-Comprehensive 2009: Which of the following statements isnot true? Group of answer choices Under US GAAP,the comprehensive income is required to be reported because I/S
M18-O1-Comprehensive 2009:
Which of the following statements isnot true?
Group of answer choices
Under US GAAP,the comprehensive income is required to be reported because I/S cannot catch all wealth changes for the year.
Comprehensive income is a concept basedoncapital maintenance concept.
The comprehensive income should be reported only on income statement below the net income figure.
The comprehensive income is defined as a "change in equity (net assets) of a business for a period.
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
