Is "other income" i see in the "Consolidated Statement of Income" the same as "Other comprehensive income"?

CFA Level I FRA
#1

Hi guys,
In one exercise i saw that the company reported impairment loss in “other income”, the impairment loss is presented in its Consolidated Statement of Income, and is affecting directly its Net income since it is deducted from Operating income. So the fact that it is affecting Net income makes me think it has nothing to do with the concept of “Other comprehensive income”. Am i right?

#2

You are correct.

1 Like