Comprehensive income is the change in equity during the period from the non-owner related transactions.
Net income and unrealized income, such as unrealized profits or losses on financial instruments used as hedges or derivatives and gains or losses from foreign exchange transactions, are both included in comprehensive income. It offers a comprehensive understanding of a company's earnings that the income statement cannot fully convey.
Comprehensive Income, according to a company's financial reporting, "includes all changes in equity over a period, excluding those attributable to owner investments and distributions to owners."
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