Comprehensive income usually includes all the changes in equity during a period except those that result from all owner transactions such as investments and distributions to owners. They include all the items on the income statement and all other gains/losses and revenues/expenses that bypass the income statement.
Net Income + Other Comprehensive Income = Comprehensive Income
Example:
Adequate Disclosure has the following information pertaining to the financial statements of year 201X.
Calculate the Comprehensive Income for Adequate Disclosure.
