Define the comprehensive income, Accounting Basics

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Define the comprehensive income

Consider the following questions:

1. Define earnings per share (EPS). For which income statement items must EPS be disclosed?

2. Define comprehensive income. What are the two ways companies can present comprehensive income?

3. Describe the purpose of the statement of cash flows.

4. Identify and briefly describe the three categories of cash flows reported in the statement of cash flows.

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Accounting Basics: Define the comprehensive income

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Accounting Basics: Define the comprehensive income

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