Reporting Comprehensive Income. This paper discusses comprehensive income. The statement sets a standard for the reporting and display of comprehensive income, and its components, including revenue, expenses, gains, and losses. These are set in a full set of general-purpose financial statements. Briefly put, the standard "requires that all items that are required to be recognized under accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements." Pages: 6 Bibliography: 4 source(s) listed Filename: 19443 Reporting Comprehensive Income.doc Price: 53.70