According to the FASB, How Should Unrealized Gains on the Investment

question 8

Multiple Choice

According to the FASB, how should unrealized gains on the investment portfolio of a not-for-profit organization be recognized?

• A) Not recognized.
• B) Reported in the net asset section of the balance sheet.
• C) Reported according to whether the gains relate to trading, or held-to-maturity assets.
• D) Reported on the statement of activities.