major difference between comprehensive income and net income
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What is the major differences between comprehensive income and net income? Why would one be concerned with comprehensive income?
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Solution Summary
This discussion explains the difference in everyday language suitable for novices to intermediate students.
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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 ...
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