Can you please help me understand this question?
It asks about comprehensive income not other comprehensive income – which I thought I two different things? Am I missing something? Thanks
A company reports the following information as of December 31:
Sales revenue $800,000
Cost of goods sold 600,000
Operating expenses 90,000
Unrealized holding gain on available-
for-sale securities, net of tax 30,000
What amount should the company report as comprehensive income as of December 31?
A. $30,000
B. $110,000
C. $140,000
D. $200,000
Other comprehensive income is computed as follows:
Sales revenue $800,000
Cost of goods sold 600,000
——–
Gross profit $200,000
Operating expenses 90,000
——–
Net income $110,000
Unrealized holding gain 30,000
——–
Comprehensive income $140,000
.