Question
Which of the following regarding unrealized, realized, or recognized gains or losses is false? a realized gain must be recognized an unrealized loss is rarely
Which of the following regarding unrealized, realized, or recognized gains or losses is false?
a realized gain must be recognized
an unrealized loss is rarely recognized
a realized gain may not be recognized if it is excludable or deferrable
all of the above
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Financial Accounting A Global Approach
Authors: Sidney J. Gray, Belverd E. Needles
1st Edition
9780395839867
