Why Did FASB Decide It Was Necessary to Require the Reporting

question 23

Essay

Why did FASB decide it was necessary to require the reporting of both net income and comprehensive income?

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Definitions:

Gender Identity

A person's internal understanding of their gender identity, which might not align with the sex assigned to them at birth.

LGBT Adolescents

Young individuals, typically in the teenage years, who identify as lesbian, gay, bisexual, or transgender, often facing unique social and mental health challenges.

Harassment

Aggressive pressure or intimidation toward someone, often persistently.

Victimization

The process of being harmed, oppressed, or maltreated by another individual or group, often within a social or cultural context.