Comprehensive Income: It is total of net income and other items that must not be shown on the income statement because the realization of items is pending including items like holding gain or loss from available sale of securities and foreign exchange gains or losses. To prepare: A statement of comprehensive income.

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Chapter 14, Problem 14.8AP

To determine

Comprehensive Income: It is total of net income and other items that must not be shown on the income statement because the realization of items is pending including items like holding gain or loss from available sale of securities and foreign exchange gains or losses.

To prepare: A statement of comprehensive income.

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