Gains (or losses) on sales of investments in securities as well as any gains (or losses) on fair value changes on investments in available for sale securities are reported in the income statement.

Question

Quizplus · Accepted Answer

Gains or losses on sales of investments in securities are reported in the income statement, but gains or losses on fair value changes of available-for-sale securities are reported in other comprehensive income, not the income statement.

Gains (Or Losses) on Sales of Investments in Securities as Well