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Stament of Comprehensive Income

Description

Elements of Statement of Comprehensive Income

Flashcards by Mark Platt, updated more than 1 year ago

	Created by Mark Platt about 9 years ago

Resource summary

Question	Answer
Statement of Comprehensive Income	Change in companies net assets from non-owner sources
Included on Statement of Comprehensive Income	Revenue, finance costs, tax expenses, discontinued operations, profit share and profit/loss.
Not Included on Statement of Comprehensive Income	Income from owners
Main Purposes of Statement of Comprehensive Income	Show difference between items that can or cannot be re-classified to profit or loss

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