Which of the following describes how comprehensive income should be reported?By: Answerout
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Which of the following describes how comprehensive income should be reported?
A. Must be reported in a separate statement, as part of a complete set of financial statements.
B. Should not be reported in the financial statements but should only be disclosed in the footnotes.
C. May be reported in a separate statement, in a combined statement of income and comprehensive income, or within a statement of stockholders’ equity.
D. 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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