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A firm's comprehensive income always:(A) Could be greater than or less than net income.(B) Is greater than its net income.(C) Is the same as its net income.(D) Is less than its net income.

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Answer:

A): Could Be greater than or less than net income

Explanation:

Comprehensive income comprises net income plus income or loss from financial instruments as well as foreign exchange transactions.

It gives a complete view on the financial health not fully captured by the income statement.

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