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    Comprehensive Net Income

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    What is included in other comprehensive income?
    Why are items included in other comprehensive income, but not included in net income?
    Should these items be included in net income or not included at all?
    Explain your answer.

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    1. What is included in other comprehensive income?

    Other Comprehensive income includes the following:
    a. unrealized gains and losses on certain investments held as securities,
    b. Losses and gains from translating the accounts of subsidiaries of the company in the foreign countries into the reporting currency.
    c. Any changes in revaluation surplus account
    d. Gains and losses from derivatives held as cash flow ...

    Solution Summary

    Comprehensive net income is examined.