Wednesday, June 3, 2015

Term of the Day: Comprehensive Income

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June 03, 2015
Comprehensive Income

The change in a company's net assets from nonowner sources over a specified period of time. Comprehensive income is a statement of all income and expenses recognized during that period. The statement includes revenue, finance costs, tax expenses, discontinued operations, profit share and profit/loss.

Investopedia Explains:

Companies typically report comprehensive income in a separate statement from income resulting from owner changes in equity...

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