Question

A statement of comprehensive income does not include:

A) return on plan assets.
B) losses from the return on assets falling short of expectations.
C) gains from changes in estimates regarding the PBO.
D) net income.

Answer 1

A statement of comprehensive income does not include return on plan assets.

Step-by-step explanation:

A statement of comprehensive income does not include return on plan assets. The statement of comprehensive income, also known as the income statement or profit and loss statement, reports a company's revenues, expenses, gains, and losses during a specific period. Return on plan assets refers to the gains or losses from the investments made by a company's employee benefit plans, such as pension funds. It is not typically reported in the statement of comprehensive income.