When available-for-sale securities are sold,the amount of gain or loss realized from the date of purchase is included in before-tax net income.

Question

Quizplus · Accepted Answer

When available-for-sale securities are sold, the amount of gain or loss realized from the date of purchase is included in before-tax net income, as it is considered a realization event. Therefore, the answer is true.

When Available-For-Sale Securities Are Sold,the Amount of Gain or Loss