Unrealized gains and losses on non-trading securities are reported as a separate component of equity on the statement of financial position.

Question

Quizplus · Accepted Answer

Unrealized gains and losses on non-trading securities are reported as a separate component of equity on the statement of financial position under the category of "other comprehensive income". This is done to provide a more comprehensive picture of the financial position of a company.

Unrealized Gains and Losses on Non-Trading Securities Are Reported as a Separate