An Unrealized Holding Gain Is Reported Within Other Comprehensive Income

question 107

True/False

An unrealized holding gain is reported within other comprehensive income when the fair value of a trading debt security exceeds its fair value reported in the prior period.

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Definitions:

Garbage Collector

A component of the runtime environment responsible for automatically freeing memory by collecting and disposing objects that are no longer in use.

Sentence.length()

A method typically used in programming to find the length of a string or sentence.

Sentence.substring()

A method in Java that extracts and returns a new string that is a part of the original string, starting from a specified index to the end or between specified indices.

Writing Output

The process of displaying or sending out data from a program to a device, such as a screen or file.