Held for 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 held for trading investments are recorded in the income statement, contributing to comprehensive income.

Held for Trading Investment(s)