rue or false question

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 34GI
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True or false question
When preparing a Balance Sheet, any difference between the fair market values of
Securities and their cost is a realized gain or loss.
Transcribed Image Text:When preparing a Balance Sheet, any difference between the fair market values of Securities and their cost is a realized gain or loss.
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