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What is 'other comprehensible income'?

User Aneesh R S
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1 Answer

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Final answer:

Other comprehensible income is likely a typo for other comprehensive income, an accounting concept for items not included in net income and recorded in a separate component of shareholders' equity.

Step-by-step explanation:

The term 'other comprehensible income' does not seem to be a standard term in financial or economic contexts. However, it appears you might be referring to 'other comprehensive income,' which is a concept used in accounting and represents revenues, expenses, gains, and losses that have not been realized and are excluded from net income on the income statement. These items are recorded in equity through a separate component of shareholders' equity called accumulated other comprehensive income. For example, changes in the revaluation surplus of an asset, unrealized gains or losses on hedging instruments, and foreign currency translation adjustments are accounted for in other comprehensive income. It is important to differentiate between comprehensive income and disposable income, the latter being the income available to a household after paying taxes and receiving government transfers. Similarly, one should also understand discretionary income, which is the money remaining after meeting all the necessary living expenses.

User Jurij Pitulja
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