Using the fair value through profit or loss model, both unrealized and realized gains and losses would be reported in the statement of income.

Name: Using the fair value through profit or loss model, both unrealized and realized gains and losses would be reported in the statement of income.
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Question

Quizplus · Accepted Answer

Under the fair value through profit or loss model, both unrealized and realized gains and losses are recognized in the statement of income, reflecting changes in fair value of financial assets and liabilities.

Using the Fair Value Through Profit or Loss Model, Both