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

question 13

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, available-for-sale, or held-to-maturity assets.
• D) Reported on the statement of activities.

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Definitions:

Incentive

A motivation or reward offered to encourage specific behaviors or actions, often used in business, economics, and psychology.

Accommodation

The provision of a place to stay or the process of adjusting something to match a certain need.

War

A state of armed conflict between different countries or different groups within a country.

Credit Card

A payment card issued to users as a method of payment allowing the cardholder to pay for goods and services based on the holder's promise to pay for them.