Multiple Choice
All of the following statements regarding comprehensive income are true, except:
A) Comprehensive income was created to be an all- inclusive measure of performance.
B) Comprehensive income captures all transactions and events, even those excluded from net income
C) Comprehensive income is not a requirement for public companies under IFRS
D) Comprehensive income equals the sum of net income and other comprehensive income
Correct Answer:
Verified
Correct Answer:
Verified
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