Answer to Question #81415 in Finance for Hugh Heron

Question

Evaluate the usefulness of the data to those who might be required to provide a report on financial activity.

(Statement of comprehensive income)

https://www.rba.gov.au/publications/annual-reports/rba/2018/

Answer 1

Statement of comprehensive income is a financial report detailing the change in a company's net assets during a specific period of time. A statement of comprehensive income can be useful, because it shows changes in net assets due to transfer of equity holdings, change of ownership, or other factors.