Which of the following items is included as part of comprehensive income but is not included as part of net income?

A) Gains and losses from sales of property,plant and equipment.
B) Foreign currency translation gains and losses.
C) Income taxes and payroll taxes.
D) Gains and losses from discontinued operations.

Comprehensive Income

The total change in equity for a reporting period, including all revenues, gains, expenses, and losses.

Net Income

The profit a company has after all expenses, taxes, and costs have been subtracted from total revenue.

Foreign Currency Translation

Foreign Currency Translation is the process of converting the financial statements of a company into a single currency when it has operations in multiple currencies.