50.1K
Verified Solution
Link Copied!
Which of the following describes a difference between profit and total comprehensive income? Group of answer choices
a) Profit is determined by applying accrual accounting whereas total comprehensive income is not.
b) Profit includes realised gains whereas total comprehensive income does not.
c) Analysts are more interested in profit than total comprehensive income.
d) All of these describe differences between profit and total comprehensive income.
e) Profit increases equity whereas total comprehensive income does not.
Answer & Explanation
Solved by verified expert
