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Comprehensive income is best defined as ?

a) Net income excluding extraordinary gains and losses.

b) The change in net assets for the period including contributions by owners and distributions to owners.

c) Total revenues minus total expenses.

d) The change in net assets for the period excluding owner transactions.

(CMA Adapted)

US GAAP CMA
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Question added by Deleted user
Date Posted: 2016/03/21
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Ahmed Mohamed Ismail
by Ahmed Mohamed Ismail , Audit and Taxes Manager , Consulting Office for Accounting and Taxes

 

d) The change in net assets for the period excluding owner transactions.

Saifur Rahman
by Saifur Rahman , Executive Engineer , Solarland Bangladesh Co., Ltd

a) Net income excluding extraordinary gains and losses

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