Statement Of Comprehensive Income Other Names
A Balance Sheet Is Basically A Statement Of Assets And Claim Over Assets Of An Entity As At A Particul Bookkeeping Business Accounting Notes Financial Position
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What is other comprehensive income.
Statement of comprehensive income other names. Comprehensive income is often listed on the financial statements to include all other revenues expenses gains and losses that affected stockholder s equity account during a period. Comprehensive income in financial statements. But don t depend solely on it. One of the most important financial statements is the income statement.
It provides an overview of revenues and expenses including taxes and interest. Breaking down comprehensive income. One of the most important components of the statement of comprehensive income is the 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.
In other words it adds additional detail to the balance sheet s equity section to show what events changed the stockholder s equity beyond the traditional net income.
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