The FASB's Concept of Comprehensive Income

Multiple Choice

The FASB's concept of comprehensive income

A) excludes transactions that involve the payment of dividends.
B) requires that all transactions must be shown on the income statement.
C) has a primary drawback because it allows management to manipulate the income figure to a certain extent.
D) allows items that are not necessarily under management's control,such as natural disasters,to be shown as an adjustment of retained earnings.