The Carrefour Group reports the following description of its trading securities (titled financial assets reported at fair

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The Carrefour Group reports the following description of its trading securities (titled “financial assets reported at fair value in the income statement”).

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Note 10 to Carrefour’s 2010 financial statements reports €7 million in unrealized gains for 2010 and €26 million in unrealized losses for 2010, both included in the fair value of those financial assets held for trading. What amount of these unrealized gains and unrealized losses, if any, are reported in its 2010 income statement? 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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