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Unrealized gains or losses
As per the IFRS/GAAP guidelines, the unrealized gains for the Trading securities is reflected on the income statement. Whereas any unrealized gain on the "Available to sale" security is not reported on the income statement. Rather it is included in the Balance sheet as "Other Comprehensive Income". Can anyone explain me the rational behind it?
How do we tackle the unrealized gain for other "Assets" and "Liabilities", example fixed assets? |
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