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comprehensive, descibes, income, reporting
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Essay (General) # 37963 :: Comprehensive Income
This paper descibes the reporting of comprehensive income.
Written in 2002; 1,400 words; 4 sources; $ 53.95
Paper Summary:
This paper directs htat a statement sets a standard for the reporting and display of comprehensive income, and its components, including revenue, expenses, gains, and losses as part of a full set of general-purpose financial statements. Briefly put, the standard "requires that all items that are required to be recognized under accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements."

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