IIA
IIA-CFSA · Question #338
Banks should account for trading securities at market value. Any changes in cost should be regarded as a/an:
The correct answer is C. Unrealized gain or loss. See the full explanation below for the reasoning.
Question
Banks should account for trading securities at market value. Any changes in cost should be regarded as a/an:
Options
- ARealized gain
- BUnrealized loss
- CUnrealized gain or loss
- Dnone of these
How the community answered
(60 responses)- A13% (8)
- B7% (4)
- C77% (46)
- D3% (2)
Community Discussion
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