COMPREHENSIVE INCOME Definition

Bookmark and Share

COMPREHENSIVE INCOME is change in equity (net assets) of an entity during a period from transactions and other events and circumstances from non-owner sources. It includes all changes in equity during a period, except those resulting from investments by owners and distributions to owners.

Learn new Accounting Terms

FULL COST RECOVERY is adjusting fees/prices for goods/services to where all cost of operations and maintenance are covered for supplying the given goods or services.

DESIGNATED RECEIPTS is that revenue which is identified for a specific purpose.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.