Asked by
23_ H_SHAILEY DRAVID
on Oct 16, 2024
Verified
Any unrealized gain or loss for the portfolio of available-for-securities is reported in the equity section of the balance sheet.
Unrealized Gain or Loss
The increase or decrease in the value of an investment that has not yet been sold and turned into cash.
Equity Section
The portion of a company’s balance sheet that represents the owners' or shareholders' interest in the company.
- Understand the influence of fair value modifications on the financial reporting of available-for-sale and trading securities.
- Gain an understanding of the specific accounting practices for unrealized gains and losses on securities.
Verified Answer
TA
Learning Objectives
- Understand the influence of fair value modifications on the financial reporting of available-for-sale and trading securities.
- Gain an understanding of the specific accounting practices for unrealized gains and losses on securities.
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