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True or False: Other comprehensive income includes all changes in stockholder’s equity during a period including...

True or False:

Other comprehensive income includes all changes in stockholder’s equity during a period including those changes resulting from investments by stockholders.

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Answer #1

Answer

--FALSE.

--Changes resulting from investments by stockholders in common/preferred stock is not included in "Other comprehensive income". Such investment is not an 'income'. Moreover, it is shown under Statement of Changes in Stockholder's equity as a addition to Stock paid in capital.

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