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Comprehensive income

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  1. defined by the Financial Accounting Standards Board, or FASB, as “the change in equity assets of a business enterprise during a period from transactions and other events and circumstances from nonowner sources

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  2. includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.” Comprehensive income is the sum of net income and other items that must bypass the income statement because they have not

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  3. These items are not part of net income, yet are important enough to be included in comprehensive income, giving the user a bigger, more comprehensive picture of the organization as a whole

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  4. Items included in comprehensive income, but not net income are reported under the accumulated other comprehensive income section of shareholder's equity

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
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