Mock 1 FSA

In temporal method we ignore holding effect of realized gains on monetary assets unrealized gains on monetary assets realized gains on non-monetary assets unrealized gains on non-monetary assets As I understand, realized & unrealized non-monetary gains aren’t included

unrealized gains on non mon assets

I also chose this answer, but do we include realized gains on non-monetary assets?

Per CFAI text the realized gains on non-monetary assets are buried in the income statement.

Realized gains/losses are accounted for. Unrealized are not.


Realized gains are always recognized, that’s sort of the point of realizing it.