According to the FASB, how should unrealized gains on the investment portfolio of a not-for-profit organization be
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According to the FASB, how should unrealized gains on the investment portfolio of a not-for-profit organization be recognized?
Reported in the net asset section of the balance sheet.
Reported on the statement of activities.
Reported according to whether the gains relate to trading, or held-to-maturity assets.
Not recognized.
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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