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It is more popularly used in business.
Comprehensive income statement presentation. While it is arrived at through the income statement the net profit is also used in both the balance sheet and the cash flow statement. Statement of comprehensive income. Whenever ci is listed on the balance sheet the statement of comprehensive income must be included in the general purpose financial statements to give external users details about how ci is computed. Multi step statement of comprehensive income it is characterized by the presentation of several subtotals until net income is determined.
The first subtotal is gross profit which is computed. A statement of comprehensive income contains two main things. The subtotals are additional information that give the readers more understanding of the operations of the business. Statement of comprehensive income refers to the statement which contains the details of the revenue income expenses or loss of the company that is not realized when a company prepares the financial statements of the accounting period and the same is presented after net income on the company s income statement.
This project arose out of the comprehensive.
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