Statement of Comprehensive Income
(see Income Statement).
Real World
When Marks & Spencer publishes its annual results, the Statement of Comprehensive Income shows not just trading profit but also pension remeasurement gains — items that would be missed on an old-style P&L.
Exam Focus
Use the modern term 'Statement of Comprehensive Income' in answers; examiners accept both terms but the modern one signals precision.
How well did you know this?