Unrealized gains and losses from fair value adjustments for equity investments with no significant influence and a readily determinable fair value are reported as part of other comprehensive income, while gains and losses from the sale of these investments are reported in net income.

Question

Quizplus · Accepted Answer

Unrealized gains and losses for equity investments with no significant influence and a readily determinable fair value are reported in net income, not other comprehensive income, according to the accounting standards (ASC 321).

Unrealized Gains and Losses from Fair Value Adjustments for Equity