Examlex
The income statement can be reduced to three primary categories. Which of the following is NOT one of them?
Unrealized Gain
Profit that has been achieved on paper due to an increase in the value of an investment but has not yet been realized through a sale.
Trading Investment
A trading investment refers to securities bought and held primarily for selling them in the near term with the aim of profiting from short-term price fluctuations.
Realized Gain
A profit that results from selling an asset at a higher price than its purchase cost, officially recognized when the asset is sold.