Which of the following describes how comprehensive income should be reported? 1) Must...
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Accounting
Which of the following describes how comprehensive income should be reported?
1) Must be reported in a separate statement, as part of a complete set of financial statements
2) Should not be reported in the financial statements but should only be disclosed in the footnotes
3) May be reported in a separate statement or in a combined statement of income and comprehensive income
4) May be reported in a combined statement of income and comprehensive income or disclosed within a statement of stockholders equity; separate statements of comprehensive income are not permitted
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