Using the fair value through profit or loss model, both unrealized and realized gains and losses would be reported in the income statement.

Name: Using the fair value through profit or loss model, both unrealized and realized gains and losses would be reported in the income statement.
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Question

Quizplus · Accepted Answer

Under the fair value through profit or loss model, both unrealized and realized gains and losses are recognized in the income statement as they occur.

Using the Fair Value Through Profit or Loss Model, Both