What is the major differences between comprehensive income and net income? Why would one be concerned with comprehensive income?© BrainMass Inc. brainmass.com June 4, 2020, 12:41 am ad1c9bdddf
The major difference is that net income is a component of comprehensive income. Comprehensive income includes a few more things that just net income. Most of the "other comprehensive income," those things in comprehensive income that are not part of net income, are ...
This discussion explains the difference in everyday language suitable for novices to intermediate students.