The Carrefour Group reports the following description of its financial assets available-for-sale. Note 10 to Carrefours 2010

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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.

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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