Question
Which statement about the statement of comprehensive income is FALSE? -The statement of comprehensive income is always included in a set of published financial statements.
Which statement about the statement of comprehensive income is FALSE?
-The statement of comprehensive income is always included in a set of published financial statements.
-The total of other comprehensive income reported in the statement of comprehensive income is added to accumulated other comprehensive income in the statement of changes in equity.
-The statement of comprehensive income can either be included at the bottom of the income statement or as a separate statement.
-In the statement of comprehensive income, the gains and losses that are not reported in earnings are presented.
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CA FOUNDATION FINANCIAL ACCOUNTING BY NSHAH MODULE I
Authors: Sanjay Nanak Chand Thadhani
1st Edition
172887419X, 978-1728874197
