Chapter 18, Problem 18.12Q

To determine

Comprehensive income:

Comprehensive income represents the amount of net income plus other comprehensive income that changes only the stockholders’ equity but does not form the part of the traditional net income. Other comprehensive incomes are other gains and losses and gains and losses from other adjustments.

To explain: The term comprehensive income and describe the difference between net income and comprehensive income.

To determine

To explain: The reporting of comprehensive income in a balance sheet.