For trading investments, provide the following
• Reporting method used
• How unrealized holding gain or loss is reported
• Balance sheet effects
• Income statement effects
Trading Investments:
Reporting method used
How unrealized holding gain or loss is reported
Balance sheet effects
Income statement effects
What will be an ideal response
Trading Investments:
Reporting method used Fair value
How unrealized holding gain or loss is reported
Included in net income
Balance sheet effects
The investment is reported as a current asset on the balance sheet.
Income statement effects
Dividend or interest revenue is reported on the income statement.
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