What is comprehensive income? Why is it important to record it? What options does a company have in reporting comprehensive income?

What is comprehensive income?  Why is it important to record it?  What options does a company have in reporting comprehensive income?

What other part of an income statement do you believe should be highlighted for investors and analysts? Why?

Comprehensive income is the change in equity [net assets] of a business enterprise during aperiod from transactions and other events and circumstances from non-owner sources. It includesall...