CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

The unrealized gains and losses arising from changes in the market value of available-for-sale securities are reported under U.S. GAAP and International Financial Reporting Standards (IFRS) in the ______.
A. equity section for both
B. equity section for U.S. GAAP and the income statement for IFRS
C. income statement for U.S. GAAP and the equity section for IFRS
Explanation: Under both U.S. GAAP and IFRS the unrealized gains and losses arising from carrying available-for-sale securities at market value are reported in equity as part of accumulated other comprehensive income.

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User Comment
farhan92 this was a calculated shot in the dark
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