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The term comprehensive income as defined by the FASB (a) is synonymous with the term net income. (b) is the net change in owners' equity
The term "comprehensive income" as defined by the FASB (a) is synonymous with the term "net income." (b) is the net change in owners' equity for the period. (c) must be reported on the face of the income statement. (d) includes all changes in equity during a period except those resulting from investments by and distributions to owners.
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