How To Prepare Comprehensive Income Statement

A statement of comprehensive income is the overall income statement that consolidates standard income statement which gives details about the repetitive operations of the company and other comprehensive income which gives details about the non operational transactions such as the sale of assets patents etc. The net income net income net income is a key line item not only in the income statement but in all three core financial statements. The statement of comprehensive income reflects both the realized and unrealized income of a company.