A statement of comprehensive income is one of the most important financial statements used by businesses. It shows the business owners whether the business is making a profit or a loss.
This 3 minute video explores what a statement of comprehensive income is and how one can be created. Each section of the statement is talked through with a visual example making it easy to follow.
The supporting activity worksheet contains questions on the key terminology used in the video, along with an activity where students need to fill in a blank statement of comprehensive income by using the financial information provided.
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