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Define comprehensive income

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Question -

1. Define comprehensive income.

2. Explain the term "profit or loss"

3. What are the components of other comprehensive income?

4. What are reclassification adjustments?

5. Explain the two options of presenting comprehensive income.

6. Distinguish financial capital and physical capital.

7. Distinguish income and revenue.

8. Define expenses and enumerate the classification of expenses.

9. Explain the two forms of income statement.

10. Which form of income statement is required?

Reference no: EM133047853

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