Gains or losses arising from the operations of the non-main activity of the company appears in?

Other comprehensive Income or other income.

IS- Other Misc. Income

Income Statement as Other Gains/Losses

Normaly it will be recorded in under other comprehensive income in income statement afper decucting interst and tax from profit of the year.

a)

The answer its;

c)  other comprehensive income statement

Due to the science of accounting evolves according to the needs of users, IFRS have been developed a new statement called other comprehensive income, this statement is a complement to the income statement and  showing the profit or loss resulting from the operations of the non-main activity, it can be combined to the income statement so start with the end of the income statement result. can be set up as a separate statement.         

Later the IFRS introduced an amendment in other comprehensive income statement, divide it into two parts;         

• Gains and losses on non-main activity will be transferred to the income statement in the case of the availability of certain conditions, such as, exchange rate differences, unrealized gains on investments held for sale.

• Gains and losses from the activity will remain in other comprehensive income statement and will not transferred to the income statement, such as the results of the revaluation of assets.  

 A)The income statement.

a)

As a seperate item after "net operating Income" titled " capital gains" or "other income" depending upon the nature of this non-operating income.

Should be shown separately in the income statement as gain or loss from non operating activities.

A Income Statement