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Which of the following is the correct computation of comprehensive income? a.Total Stockholders' Equity ± Accumulated...

Which of the following is the correct computation of comprehensive income? a.Total Stockholders' Equity ± Accumulated Other Comprehensive Income = Comprehensive Income b.Retained Earnings ± Other Comprehensive Income = Comprehensive Income c.Net Income ± Other Comprehensive Income = Comprehensive Income d.None of these choices are correct.

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Answer #1

Answer : C :: Net Income +/- Comprehensive Income = Comprehensive Income

>> Comprehensive Income = Net Income/ Loss from Profit and Loss account +/- Income / Loss from Other Comprehensive Income.

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