What is the GAAP justification for including unrealized holding gains and losses on trading securities in income

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What is the GAAP justification for including unrealized holding gains and losses on trading securities in income but reporting unrealized holding gains and losses on securities available for sale in a separate shareholders' equity account?

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Financial Accounting An Introduction To Concepts Methods And Uses

ISBN: 9780030259623

9th Edition

Authors: Clyde P. Stickney, Roman L. Weil

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Question Posted: Jun 26, 2024 03:04 AM

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What is the GAAP justification for including unrealized holding gains and losses on trading securities in income

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Financial Accounting An Introduction To Concepts Methods And Uses

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