Mock 1 FSA

CFA Level II
#1

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

#2

unrealized gains on non mon assets

#3

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

#4

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

#5

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

#6

thanks

#7

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