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#cfa-level-1 #reading-26-understanding-balance-sheets
Question
Trading securities.

Any unrealized holding gains or losses are recognized on [...]
Answer
the company's income statement as part of net income.

Tags
#cfa-level-1 #reading-26-understanding-balance-sheets
Question
Trading securities.

Any unrealized holding gains or losses are recognized on [...]
Answer
?

Tags
#cfa-level-1 #reading-26-understanding-balance-sheets
Question
Trading securities.

Any unrealized holding gains or losses are recognized on [...]
Answer
the company's income statement as part of net income.
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Subject 3. Financial Instruments: Financial Assets and Financial Liabilities
losses are not recognized. Trading securities. Debt and equity securities bought and held mainly for sale in the short term to generate income on price changes. At year-end, they are reported at their fair market value. <span>Any unrealized holding gains or losses are recognized on the company's income statement as part of net income. When they are sold, the realized gains or losses will also appear on the income statement. Realized gains and losses are not affected by any unrealized gains or losses recognized before

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