An unrealized holding loss is reported on the income statement when the fair value of a debt trading security is less than its fair value reported in the prior period.

Name: An unrealized holding loss is reported on the income statement when the fair value of a debt trading security is less than its fair value reported in the prior period.
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Question

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Unrealized holding gains and losses for trading securities are reported on the income statement as they reflect changes in fair value.

An Unrealized Holding Loss Is Reported on the Income Statement