Under the cost/amortized cost model, holding gains are
A) recognized in net income only when realized.
B) recognized in other comprehensive income.
C) recognized depending on management's intention.
D) not recognized at all.

Question

Quizplus · Accepted Answer

Under the cost/amortized cost model, holding gains are recognized in net income only when they are realized, typically through the sale of the asset.

Under the Cost/amortized Cost Model, Holding Gains Are