Chapter 4-1 All changes in equity during a period except those resulting from investments by owners and distributions to owners. Comprehensive Income statement Other Comprehensive Income Unrealized gains and losses on available- for-sale securities. Translation gains and losses on foreign currency. Plus others.. + Reported in Stockholders’ Equity

Chapter 4-2 Review Gains and losses that bypass net income but affect stockholders' equity are referred to as a. comprehensive income. a. comprehensive income. b. other comprehensive income. b. other comprehensive income. c. prior period income. c. prior period income. d. unusual gains and losses. d. unusual gains and losses. Comprehensive Income

Chapter 4-3 Review Gains and losses that bypass net income but affect stockholders' equity are referred to as a. comprehensive income. a. comprehensive income. b. other comprehensive income. b. other comprehensive income. c. prior period income. c. prior period income. d. unusual gains and losses. d. unusual gains and losses. Comprehensive Income

Chapter 4-4 Three approaches to reporting Comprehensive Income: 1.A second separate income statement; 2.A combined income statement of comprehensive income; or 3.As part of the statement of stockholders’ equity Comprehensive Income

Chapter 4-5 Two-Statement Format for Comprehensive Income Comprehensive Income Illustration 4-19

Chapter 4-6 Combined Income Statement Comprehensive Income LO 8 Explain how to report other comprehensive income.

Chapter 4-7 Comprehensive Income Statement of Stockholders’ Equity

Chapter 4-8 Comprehensive Income Balance Sheet Presentation Regardless of the display format used, the accumulated other comprehensive income of $90,000 is reported in the stockholders’ equity section of the balance sheet.

Chapter 4-9 Review The FASB decided that the components of other comprehensive income must be displayed a. in a second separate income statement. a. in a second separate income statement. b. in a combined income statement of comprehensive income. b. in a combined income statement of comprehensive income. c. as a part of the statement of stockholders' equity. c. as a part of the statement of stockholders' equity. d. Any of these options is permissible. d. Any of these options is permissible. Comprehensive Income

Chapter 4-10 Review The FASB decided that the components of other comprehensive income must be displayed a. in a second separate income statement. a. in a second separate income statement. b. in a combined income statement of comprehensive income. b. in a combined income statement of comprehensive income. c. as a part of the statement of stockholders' equity. c. as a part of the statement of stockholders' equity. d. Any of these options is permissible. d. Any of these options is permissible. Comprehensive Income