easy · Financial Accounting accounting-cycle-financial-statements
A company holds an investment in bonds classified as 'Available-for-Sale' (AFS). A $10,000 unrealized gain occurs due to market rate changes.
Where is this gain reported under ASC 320?
- As a reduction of Interest Expense
- In Other Comprehensive Income (OCI)
- Directly in Net Income on the Income Statement
- In Retained Earnings directly
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