Other comprehensive income is those revenues, expenses, gains, and losses are excluded from net income after net income on the income statement. Under both Generally Accepted Accounting Principles and International Financial Reporting Standards that
Revenues, expenses, gains, and losses appear in other comprehensive income when they have not yet been realized. For example, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. When you sell the bonds, you could recognize the gain or loss associated with the bonds and can reclassify the gain or loss out of other comprehensive income and into a line income statement.
