Trading investment(s)
A)may be a source of comprehensive income when unrealized gains and losses are recorded.
B)are always classified as current assets.
C)are not a source of comprehensive income but a source of always classified as long-term assets.
D)unrealized gains and losses are recorded differently under the fair value through profit or loss model as realized gains and losses.

Question

Quizplus · Accepted Answer

Unrealized gains and losses from trading investments are included in comprehensive income as they are recorded at fair value through profit or loss.

Trading Investment(s)