Comprehensive income includes:

A Only net income

B Net income plus other comprehensive income (unrealized gains/losses, foreign currency, pension adjustments)

C Only cash flows

D Revenue minus expenses

✓ Correct Answer: Option B

Comprehensive income = NI + OCI. OCI includes items bypassing the income statement.

💡 Why is B) the correct answer?

The correct answer to the question "Comprehensive income includes:" is Option B: Net income plus other comprehensive income (unrealized gains/losses, foreign currency, pension adjustments).

The other options — A) Only net income, C) Only cash flows, D) Revenue minus expenses — are incorrect for this CFA Exam Prep question. As explained above: Comprehensive income = NI + OCI. OCI includes items bypassing the income statement.

📚 About This CFA Exam Prep Practice Question

This 2-level CFA Exam Prep question from the Financial Reporting topic is part of BrainForge Quiz's free exam preparation library. Each question includes the correct answer and a detailed explanation to help you understand the underlying concept, not just memorize the answer.

How to use this page: Read the question above, consider all four options (A through D), then check the highlighted correct answer and explanation. For active timed practice, start a free CFA Exam Prep practice test or use flashcards for spaced repetition review.

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Comprehensive income includes:

✓ Correct Answer: Option B

📚 About This CFA Exam Prep Practice Question

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