The change in equity (net assets) of an entity during a period from transactions and other events and circumstances from non-owner sources is called:

a)comprehensive income.

b)revenues.

c)net income.

d)gains.

Respuesta :

Answer:

The correct answer is comprehensive income.

Explanation:

The change in equity (net assets) of an entity during a period from transactions and other events and circumstances from non-owner sources is called comprehensive income.

Comprehensive income includes all the revenues , losses , gains and expenses.

Formula of calculation :

Comprehensive income = Net Income + Other Comprehensive Income

The comprehensive income is also known as stockholders' equity , retained earnings , accumulated other comprehensive income .

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