For which of the following classes of securities are unrealized gains and losses included as income?
A)Held-to-maturity
B)Available-for-sale
C)Trading
D)all of the above
E)b.and c.only

Question

Quizplus · Accepted Answer

Unrealized gains and losses for trading securities are included in income, while for available-for-sale securities, they are included in other comprehensive income. Held-to-maturity securities do not recognize unrealized gains and losses in income.

For Which of the Following Classes of Securities Are Unrealized