Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 2 - Conceptual Framework for Financial Reporting - Exercises - Page 72: E2-5c

Answer

Comprehensive income/ Investment by owners

Work Step by Step

Comprehensive income is reported under shareholders equity section, therefore reflecting an increase in ownership if there is an increase in comprehensive income. This also shows an increase in investment by the shareholders who are the owners of the entity.
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