Which of the Following Is True Regarding the Provisions of IAS

question 21

Multiple Choice

Which of the following is true regarding the provisions of IAS 39?

• A) IAS 39 does not require unrealized gains and losses on trading securities to be recognized as part of net income.
• B) IAS 39 requires gains and losses on available for sale securities to be recognized as part of net income.
• C) IAS 39 allows companies to choose between recognizing gains and losses on available-for-sale securities as part of net income or as part of stockholders' equity.
• D) IAS 39 allows companies to choose between recognizing gains and losses on trading securities as part of net income or as part of stockholders' equity.

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Definitions:

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