The fair value option for liabilities reports unrealized gains and losses that are not related to changes in instrument-specific credit risk ________.
A) as other comprehensive income
B) directly to retained earnings
C) in net income
D) as long-term capital gains

Question

Quizplus · Accepted Answer

Unrealized gains and losses not related to changes in instrument-specific credit risk are reported in net income under the fair value option for liabilities.

The Fair Value Option for Liabilities Reports Unrealized Gains and Losses