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Home > QFINANCE Dictionary > Definition of comprehensive income

Definition of

comprehensive income

Finance

firm's income reflecting any changes in owner equity a company's total income for a given accounting period, including all gains and losses, not only those included in a normal income statement but also any that reflect a change in the value of an owner's interest in the business. In the United States, comprehensive income must be declared, whereas in the United Kingdom it appears in the statement of total recognized gains and losses.

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Definitions of ’comprehensive income’ and meaning of ’comprehensive income’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’comprehensive income’ and other financial terms with our online QFINANCE Financial Dictionary.

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