Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Other comprehensive income (https://www.askmehelpdesk.com/showthread.php?t=655840)

  • Apr 30, 2012, 06:45 AM
    Joerugby12
    Other comprehensive income
    Why is "other comprehensive income" not included in the income statement, but it is included in the statement of comprehensive income? What is the main purpose of this?
  • Apr 30, 2012, 06:54 PM
    paraclete
    Quote:
    Originally Posted by Joerugby12 View Post
    Why is "other comprehensive income" not included in the income statement, but it is included in the statement of comprehensive income? What is the main purpose of this?
    What is comprehensive income? Are we dealing with an insurance company?

    • All times are GMT -7. The time now is 09:54 PM.