单选题
According to the Financial Accounting Standards Board, what is the appropriate balance sheet treatment for available-for-sale securities and where are the unrealized gains and losses reported? Balance sheet Unrealized gains and losses ①A. Fair value Net income ②B. Fair value Other comprehensive income ③C. Amortized cost Other comprehensive income
【正确答案】
B
【答案解析】Available-for-sale securities are reported on the balance sheet at fair value. The unrealized gains and losses bypass the income statement and are reported as a component of stockholders' equity as a part of other comprehensive income.