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Which Statement Is True About the Computation of Net Income

Question 82

Multiple Choice

Which statement is true about the computation of net income and comprehensive income?


A) They are the same under either reporting alternative.
B) The one statement format provides a higher net income than the two consecutive statements format.
C) The two consecutive statements format provides a higher net income than the one statement format.
D) Net income always equals comprehensive income under the one statement format.

Correct Answer:

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