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25 May, 01:03

Comprehensive income is the change in equity from: Multiple Choice a. Nonowner transactions. b. Capital transactions. c. Owner and nonowner transactions. d. Owner transactions.

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  1. 25 May, 01:18
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    The correct answer is letter "A": Non-owner transactions.

    Explanation:

    Comprehensive Income is part of the owner's equity section of the Balance Sheet. It represents the changes to owner's equity that occurred during the accounting period that come from non-owner sources plus the income from some traditional means such as net operating income.
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Home » Business » Comprehensive income is the change in equity from: Multiple Choice a. Nonowner transactions. b. Capital transactions. c. Owner and nonowner transactions. d. Owner transactions.
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