Which of the Following Describes How Comprehensive Income Should Be

question 86

Multiple Choice

Which of the following describes how comprehensive income should be reported?

• A) Must be reported in a separate statement, as part of a complete set of financial statements.
• B) Should not be reported in the financial statements but should only be disclosed in the footnotes.
• C) May be reported in a separate statement, in a combined statement of earnings and comprehensive income, or within a statement of shareholders' equity.
• D) May be reported in a combined statement of earnings and comprehensive income or disclosed within a statement of shareholders' equity; separate statements of comprehensive income are not permitted.

---

Definitions:

Coping Mechanisms

Strategies or behaviors used by individuals to manage stress, adversity, or trauma and to maintain emotional well-being.

Active Method

A technique or process that requires conscious effort and participation from the individual, often used in teaching, physical therapy, and rehabilitative exercises.

Problem Solving

The process of recognizing, defining, and solving a problem.

Sociological Factors

Pertains to aspects of society and social behavior that influence individuals' lives, including culture, ethnicity, social class, and group dynamics.