Authoritative guidance classifies gains and losses from the remeasurement of certain assets and liabilities as either net income or other comprehensive income.

Question

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Authoritative guidance, such as International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP), does distinguish between gains and losses from certain remeasurements being classified as either net income or other comprehensive income. This includes items such as foreign currency translations and changes in the fair value of certain marketable securities. The classification of these gains and losses is important for financial reporting and analysis purposes.

Authoritative Guidance Classifies Gains and Losses from the Remeasurement of Certain