[I'm, Ron Burgundy?]

Just to clarify. Please correct me if I’m wrong:

If a company elects the Fair Value option for valuing it’s Available for Sale securities – any unrealized gain/loss will then be reported on the Income Statement and no longer be reported as a part of Other Comprehensive Income reflected in Stockholder’s Equity.

However, if the Fair Value option is not elected, any unrealized gain/loss is recognized in OCI.

Please let me know if I’m reading this correctly.

FAR in 8 days…serious cram time going on right now.

"If you're going through hell, keep going"
- Winston Churchill

"I've missed over 9,000 shots in my career. I've lost over 300 games. 26 times I've been trusted to take the game winning shot, and missed. I've failed, over and over and over again in my life. And that is why, I succeed."
- Michael Jordan

BEC: (54), (72), 80 (losing credit on 02/02/15 - nervous)
AUD: 78
REG: (74), 91
FAR: (71)

[Anonymous]

Yes Mr. Burgundy, that sounds correct

[Author]

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