[professionalskeptic]

Why do we call it Unrealized if we record it in the Income Statement? I can see why we would call changes in Value for AFS securities “Unrealized” because we put them in OCI and wait till they are sold and be “Realized”. But It does not make sense to me to call a change in value Unrealized and then add it to your current year profits. Any help with the concept is appreciated.

Thanks!

FAR - 11/18/15 - 74, 04/29 - 70 overworked myself to the last day and was burnt out at the exam.
AUD - 01/18/16 - 74 AGAIN FML, retake - only going to schedule when I feel happy with my prep.