The statement of changes in net worth is presented in terms of realized increases (decreases)and unrealized increases (decreases).

Question

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The statement of changes in net worth typically includes both realized and unrealized increases or decreases in value. Realized gains or losses are from actual transactions or sales, while unrealized gains or losses come from changes in the value of investments or assets that have not yet been sold.

The Statement of Changes in Net Worth Is Presented in Terms