Understanding Comprehensive Income Statements
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is Comprehensive Income?
What Is a Statement of Comprehensive Income?
Reading and Understanding Comprehensive Income Statements
Uses of Comprehensive Income Statements
Detailed Revenue Analysis
Informing Investors and Lenders
Pros and Cons of Using Statements of Comprehensive Income
Statement of Comprehensive Income vs Income Statement
Unrealized gains or losses from the sale of derivatives Unrealized gains or losses from pension or retirement plans Adjustments from foreign currency transactions Unrealized gains or losses from debt securities
Comprehensive Income Statement Example
The Takeaway
3 Small Business Loan Tips
Generally, it can be easier for entrepreneurs starting out to qualify for a loan from an online lender than from a traditional lender. Lantern by SoFi’s single application makes it easy to find a small business loan offer from a lender. If you are launching a new business or your business is young, lenders will consider your personal credit score. Eventually, though, you’ll want to establish your business credit. Traditionally, lenders like to see a business that’s at least two years old when considering a small business loan.
Frequently Asked Questions
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About the Author
Su Guillory is a freelance business writer and expat coach. She’s written several business books and has been published on sites including Forbes, AllBusiness, and SoFi. She writes about business and personal credit, financial strategies, loans, and credit cards.
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