Which of the Following Best Describes "Comprehensive Income

question 40

Multiple Choice

Which of the following best describes "comprehensive income"?

• A)Comprehensive income is the amount resulting from the deduction from revenues, or from operating revenues, of cost of goods sold, other expenses, and losses.
• B)Comprehensive income is the excess (deficit) of revenue over expenses for an accounting period.
• C)Comprehensive income is the change in equity of an entity during a period of transactions and other events and circumstances, from non-owner sources.
• D)Comprehensive income is the change in equity of an entity during a period of transactions and other events and circumstances, from owner and non-owner sources.

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