Which of the following valuations models reports unrealized gains and losses on the statement of income?
A)equity
B)fair value through profit and loss
C)cost
D)amortized cost

Question

Quizplus · Accepted Answer

The fair value through profit and loss (FVTPL) valuation model reports unrealized gains and losses on the statement of income. This approach is used for financial assets that are held for trading or designated at fair value through profit or loss upon initial recognition.

Which of the Following Valuations Models Reports Unrealized Gains and Losses