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Home Q & A Board Other Fields Homework Help Business Accounting
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Haleyharris1 Haleyharris1
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6 years ago
If a company has elected the fair value option, where are gains and losses resulting from adjusting these accounts to fair value reported?
A) Unrealized Gains are reported as part of Other Comprehensive Income while Unrealized losses are reported as part of Net Income.
B) Unrealized Gains are reported as part of Net Income, while Unrealized Losses are reported as part of Other Comprehensive Income.
C) Unrealized Gains and Losses are both reported as part of Net Income.
D) Unrealized Gains and Losses are both reported as part of Other Comprehensive Income.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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lheck874lheck874
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6 years ago
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Haleyharris1 Author
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6 years ago
You make an excellent tutor!
kaytee23
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Just got PERFECT on my quiz
kriggs62
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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