The IASB takes the position that both revenues and expenses and other income and expense should be reported as part of income from operations.

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The IASB (International Accounting Standards Board) does advocate for both revenues and expenses, as well as other income and expenses, to be reported as part of income from operations. This approach provides a comprehensive view of the company's financial performance during a particular period.

The IASB Takes the Position That Both Revenues and Expenses