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Topic: sims problem from wiley (

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audreyP
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Joined: 23 Nov 2011
Location: United States
Online Status: Offline
Posts: 50

Posted: 08 Apr 2012 at 08:18 \| IP Logged

If fv option is elected, all unrealized gain and loss will be recognized on
income statement. OCI is used for AFS only when FV option is not
elected,
Either way, the carry amount of the investment on AFS on balance
sheet is adjusted in
accordance with FV. Only the treatment meant of unrealized gain and
loss is different.
Hope it helps.

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