Understanding Accounting
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Practice prompt · Q:statement-presentation-comprehensive-income-and-disclosure/practice-comprehensive-total

Calculate comprehensive income

Combine net income with two current period OCI items.

Updated Sep 13, 2026 Review due Dec 13, 2026
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A company reports $90 thousand of net income. Current-period OCI includes a $12 thousand after-tax holding gain and a $7 thousand after-tax translation loss. What is comprehensive income?

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Answer: b

Comprehensive income is $95 thousand: $90 thousand of net income plus $5 thousand of net OCI ($12 − $7).