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18 October, 10:31

A firm's comprehensive income always: (A) Could be greater than or less than net income. (B) Is greater than its net income. (C) Is the same as its net income. (D) Is less than its net income.

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  1. 18 October, 11:09
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    A) : Could Be greater than or less than net income

    Explanation:

    Comprehensive income comprises net income plus income or loss from financial instruments as well as foreign exchange transactions.

    It gives a complete view on the financial health not fully captured by the income statement.
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Home » Business » A firm's comprehensive income always: (A) Could be greater than or less than net income. (B) Is greater than its net income. (C) Is the same as its net income. (D) Is less than its net income.
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