Under GAAP, investment income for governments must include
A) only dividends and interest received during the period.
B) only dividends and interest earned during the period.
C) only realized gains and losses.
D) dividends and interest received during the period and both realized and unrealized gains and losses

Question

Quizplus · Accepted Answer

Under GAAP, investment income for governments includes dividends and interest received during the period as well as both realized and unrealized gains and losses. This comprehensive approach ensures that all changes in the value of investments are reflected in the financial statements.

Under GAAP, Investment Income for Governments Must Include