shootingstar

This doesn't sound right.....unrealized G/L on AFS securities should go straight to other comprehensive income.

Also, I don't think that all unrealized gains/losses on FX bypasses the income statement. I think its only "FX translation gains/losses", meaning FX gains made if a US Company had a Chinese factory and adjusted the year-end profits back to US dollar. If it were just the Company's FX gains/losses based on normal operations (i.e. buying overseas inventory or something) it would flow through the income statement....can anyone clarify?