Unrealized gains and losses on available-for-sale securities are reported on the income statement.

Name: Unrealized gains and losses on available-for-sale securities are reported on the income statement.
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Question

Quizplus · Accepted Answer

Unrealized gains and losses on available-for-sale securities are reported on the balance sheet as a component of other comprehensive income, not on the income statement. They only become realized gains or losses when the security is sold.

Unrealized Gains and Losses on Available-For-Sale Securities Are Reported on the Income