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Discuss the characteristics of a multicultural organization.
Comprehensive Income
It encompasses all changes in equity during a period, except those resulting from investments by and distributions to owners.
Net Income
The total earnings of a company after all expenses and taxes have been deducted from revenue, indicating the company's profit.
Other Comprehensive Income
Other Comprehensive Income includes revenues, expenses, gains, and losses that are not included in net income but affect equity, such as unrealized gains on securities.
Shareholders' Equity
The residual interest in the assets of a corporation after deducting its liabilities, representing the owners' claim on the company's assets.
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