The Fair Value Option for Liabilities Reports Unrealized Gains and Losses

question 53

Multiple Choice

The fair value option for liabilities reports unrealized gains and losses ________.

• A)as other comprehensive income
• B)directly to retained earnings
• C)in net income
• D)as long-term capital gains

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Definitions:

Ohio State

A reference to Ohio State University, an American public research university located in Columbus, Ohio.

B.F. Skinner

An influential American psychologist whose work in behaviorism focused on the idea of operant conditioning, emphasizing the role of reinforcement in shaping behavior.

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Refers to a perspective or mode of thinking where one's attention and values are directed towards the external environment rather than internal thoughts and feelings.

Chinese Residents

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