Many governments have extensive investments in debt and equity securities, held for income and not for hedging purposes. Which types of funds must report these investments at fair value and report unrealized gains and losses in their operating statement?

Question

Quizplus · Accepted Answer

Governmental, proprietary, and fiduciary funds must report investments at fair value and include unrealized gains and losses in their operating statements, as per accounting standards for government entities.

Many Governments Have Extensive Investments in Debt and Equity Securities