Where Are Gains and Losses on Agricultural Activity Reported in the Financial

question 19

Multiple Choice

Where are gains and losses on agricultural activity reported in the financial statements?

• A)Gains are recorded through profit and loss, but losses should be recorded in other comprehensive income.
• B)Losses are recorded through profit and loss, but gains should be recorded in other comprehensive income.
• C)Gains and losses are recorded through profit and loss, and nothing should be recorded in other comprehensive income.
• D)Gains and losses are recorded in other comprehensive income, and nothing should be recorded through profit and loss.

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