Facebook
Twitter
Delicious
Digg
Reddit
Stumple UponCFA Daily #45
Question
Where is any unrealized profit on available-for-sale assets shown?
Answer
These assets are held at market value, but unrealized profits and losses are not shown in the income statement but are put through other comprehensive income. Note that as of 2013, this classification will no longer be permitted to be used under IFRS.
Reading 26
Read about BPP’s CFA course.