In Recognizing a Decline in the Market Value of a FVTPL

question 223

Multiple Choice

In recognizing a decline in the market value of a FVTPL investment, Investment Income or Loss account is debited

• A) because management intends to realize this loss in the near future.
• B) to reflect the fair value of the investment on the balance sheet.
• C) because the company is no longer a going concern.
• D) because there is a permanent decline in the fair value.

---

Definitions:

Data Field

A basic unit of data storage that holds a single piece of information within a record or table in a database or software application.

Slicer Style

A feature in spreadsheet and data visualization software that applies aesthetic design to slicers, enhancing the interactive filter's visual appeal.

Slicer Caption

The label or title given to a slicer in data management tools, which allows users to filter dashboard data or pivot table views based on specific criteria.

Slicer Size

Dimensional attributes or settings for slicers in data visualization tools, affecting their display size.