Which of the following best describes the statement of comprehensive income? Multiple Choice Another name for the income statement that is commonly used by large, global corporations. An extension of the income statement by reporting all changes in equity during the perlod that were not a result of transactions with owners. A financial statement that is required for corporations, but not sole proprletorships or partnerships. An Income statement that excludes other comprehensive Income (OCl) or loss items from the calculation of net Income