Where are the unrealized gains and losses arising from changes in the market value of available-for-sale securities reported under U.S. GAAP and IFRS? They are reported in: U.S. GAAP ----------------IFRS a.equity--------------------equity b.equity-------------------income statement c.income statement---------equity d. income statement--------income statement
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I was thinking that unrealised gain/loss should be IS under IFRS B/S under US GAAP what’s the answer ?
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