Under GAAP, Unrealized Gains on Non-Trading Share Investments Should

question 121

Multiple Choice

Under GAAP, unrealized gains on non-trading share investments should

• A) be reported as other comprehensive income.
• B) not be reported on the income statement or statement of financial position.
• C) be reported as other gains on the income statement as part of net income.
• D) be reported as other revenues and gains in the income statement as part of net income.