Is OCI part of the income statement?
No, other comprehensive income (OCI) is not part of the income statement. OCI represents all gains and losses in the current year that were not recorded to the income statement. OCI is part of total comprehensive income, which is net income/loss + other comprehensive income/loss. Total comprehensive income provides a complete view of gains and losses that were incurred by the business.
Under U.S. GAAP, certain gains and losses cannot be recorded to the income statement, so they are captured in other comprehensive income.
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