Following is the consolidated statement of shareholders' equity of Wal-Mart Stores, Inc., for the year ended January
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1. Which items were included in comprehensive income? If these items had been included on the income statement as part of net income, what would have been the effect?
2. Would the concept of comprehensive income help to explain to Wal-Mart's stockholders the impact of all events that took place in 2010? Why or why not?
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1111534912
8th edition
Authors: Gary A. Porter, Curtis L. Norton
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