GASB Statement No. 31 requires a. all investment income, including increases or decreases in the fair value
Question:
GASB Statement No. 31 requires
a. all investment income, including increases or decreases in the fair value of all investments, to be reported as revenue in the operating statement.
b. changes in the fair value of investments to be reported separately from interest and dividend income that has been earned.
c. all investments to be adjusted to their fair value for reporting purposes.
d. governmental entities to report changes in the fair value for investments only if the change is a reduction in the value of the investment portfolio overall.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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