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What types of gains and losses are excluded from the income statement?

Under U.S. GAAP, certain gains and losses are excluded from the income statement. These gains and losses would be captured in other comprehensive income, which is part of stockholders’ equity on the balance sheet.

The visual below outlines the five types of activity that is excluded from the income statement and recorded in OCI under U.S. GAAP. For IFRS, revaluation surplus is also recorded to OCI.

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