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19 November, 09:30

Trading securities are a. reported as unrealized gains or losses on the income statement b. reported at fair value in the balance sheet c. reported at fair value on the balance sheet and as unrealized gains or losses on the income statement d. not reported on the balance sheet

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  1. 19 November, 12:16
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    c. reported at fair value on the balance sheet and as unrealized gains or losses on the income statement

    Explanation:

    The trading securities focuses on the securities which are traded to gain the profit through selling the securities which are based on the market values

    So

    any profit or losses could be come under the income statement

    whereas

    The fair values are to be reported on the balance sheet

    hence, the correct option is c.
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