Definition

Comprehensive income

Comprehensive income includes all changes in stockholders equity during a period except those resulting from investments by stockholders equity during a period except those resulting from investments by stockholders and distribution to stockholders. A number of alternative formats for reporting comprehensive income are allowed. These formats are discussed in advanced accounting courses.

Share it:  Cite

More from this Section

  • Purchases journal
    Purchases journal refers to a journal where companies record all purchases of merchandise ...
  • Petty cash fund
    Petty cash fund is a cash fund that is used to pay relatively small amounts such as the ...
  • Responsibility accounting
    Responsibility accounting is a part of management accounting that involves accumulating ...
  • Direct write-off method
    Direct write-off method is a method of accounting for bad debts that involves expensing ...
  • Auditing
    Auditing is the examination of financial statements by a certified public accountant in ...