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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