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What Is Comprehensive Income and How Does It Differ from Net

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What is comprehensive income and how does it differ from net income? Where is it reported in the balance sheet?


Definitions:

Permit

An official document giving someone authorization to do something.

Toxic Substances Control Act

A United States law enacted in 1976 that gives the Environmental Protection Agency authority to regulate the manufacture and sale of chemicals.

Industrial Chemicals

Chemical substances manufactured for use in industrial processes or products, distinct from pharmaceuticals, agricultural chemicals, or food additives.

EPA

The Environmental Protection Agency, a U.S. federal agency responsible for protecting human health and the environment by enforcing regulations based on laws enacted by Congress.

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