An Unrealized Gain or Loss on Fair Value Through Profit

question 36

True/False

An unrealized gain or loss on fair value through profit or loss securities is reported as a separate component of equity.

---

Definitions:

Mutual

Pertaining to a shared feeling, relationship, or responsibility between two or more parties.

Exchange

The act of giving one thing and receiving another in return.

Exchange Relationships

Interpersonal connections based on reciprocal exchange of benefits or favors.

Societal Progress

The development and improvement of society in terms of economic, social, cultural, or technological aspects.