S4-9. (Learning Objective 4: Assessing net income versus comprehensive income) Company Nile reported a net...
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S4-9. (Learning Objective 4: Assessing net income versus comprehensive income) Company Nile reported a net profit of $2 million on its Income Statement and a $2 million loss in other comprehensive income. Company Thames reported a net loss of $2 million on its Income Statement and $2 million other comprehensive income. Both Nile and Thames, thus, report zero total comprehensive income. If you have to pick one company, which company would you pick? Why
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