Deloitte
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Chapter 9 — Presentation and Disclosure

9.2 Transaction Gains and Losses

9.2 Transaction Gains and Losses

ASC 830-20
Income Statement Presentation
Aggregate Transaction Gain or Loss
45-1 The aggregate transaction gain or loss included in determining net income for the period shall be disclosed in the financial statements or notes thereto.
Pending Content – Transition Guidance: ASC 105-10-65-1
45-1 The aggregate transaction gain or loss included in determining net income for the period shall be presented in the financial statements or disclosed in the notes thereto (see paragraph 830-20-50-1).
45-2 Certain entities, primarily banks, are dealers in foreign exchange. Although certain gains or losses from dealer transactions may fit the definition of transaction gains or losses in this Subtopic, they may be disclosed as dealer gains or losses rather than as transaction gains or losses.
Aggregate Transaction Gain or Loss
50-1 If not disclosed in the financial statements as discussed in paragraph 830-20-45-2, the aggregate transaction gain or loss included in determining net income for the period shall be disclosed in notes to financial statements.
Pending Content – Transition Guidance: ASC 105-10-65-1
50-1 If not presented in the financial statements as discussed in paragraph 830-20-45-1, the aggregate transaction gain or loss included in determining net income for the period shall be disclosed in notes to financial statements.