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: E2-5e

Answer

Comprehensive income

Work Step by Step

This is income excluded from the income statement to be reported under shareholders equity section. This can also be termed as gains.
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