The Carrefour Group reports the following description of its financial assets available-for-sale. Note 10 to Carrefours 2010
Question:
The Carrefour Group reports the following description of its financial assets available-for-sale.
Note 10 to Carrefour’s 2010 financial statem,ents reports €18 million in net unrealized losses (net of unreal¬ ized gains) for 2010, which is included in the fair value of its available-for-sale securities reported on the balance sheet.
1. What amount of the €18 million net unrealized losses, if any, is reported in its 2010 income state¬ ment? Explain.
2. If the €18 million net unrealized losses are not reported in the income statement, in which statement are they reported, if any? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamental Accounting Principles Volume 2
ISBN: 9780077716660
21st Edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Question Posted: