Chapter 2 Statement of Comprehensive Income
Chapter 2 Statement of Comprehensive Income
Accounting, Part 3
Dean Mark Alex B. Cadiao, CPA, MBA, CTT, MRITax
Professor
STATEMENT OF COMPREHENSIVE
INCOME
Comprehensive Income
Comprehensive income is the change in equity
during a period resulti ng from transacti ons and
other events, other than changes from
transacti ons with owners in their capacity as
owners.
Comprehensive Income
1. Components of Profi t or Loss
2. Components of Other Comprehensive Income
Profit or Loss
Profi t or loss is the total income less expenses,
excluding the components of other
comprehensive income.