Under IFRS and U.S.GAAP,which one is not included when recycling occurs?
A)Unrealized gains and losses on available-for-sale securities
B)Unrealized gains and losses on effective cash flow hedges
C)Unrealized gains and losses on goodwill
D)Cumulative foreign currency translation adjustments

Question

Quizplus · Accepted Answer

Under both IFRS and U.S.GAAP, when recycling occurs, unrealized gains and losses on available-for-sale securities, unrealized gains and losses on effective cash flow hedges, and cumulative foreign currency translation adjustments are included. However, unrealized gains and losses on goodwill are not included when recycling occurs.