Wal-Mart’s Comprehensive Income Following is the consolidated st

Wal-Mart€™s Comprehensive Income Following is the consolidated statement of shareholders€™ equity of Wal-Mart Stores, Inc., for the year ended January 31, 2009:

Wal-Mart€™s Comprehensive Income Following is the consolidated st


Required
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. Do you think that the concept of comprehensive income would be useful to explain to the stockholders of Wal-Mart the impact of all events that took place during 2008? Why or whynot?

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