statement of comprehensive income

The statement of comprehensive income is a financial report that shows how much money a company earned or lost during a specific period, including both its main business activities and other gains or losses not usually part of regular operations. It combines the company's profit (or loss) from sales and services with additional items like unrealized gains or losses on investments or currency exchange. This report provides a complete picture of the company's financial performance beyond just profit, helping stakeholders understand all factors affecting its overall financial health during that period.