An Advantage of Using the Fair Value Through Other Comprehensive

Multiple Choice

An advantage of using the fair value through other comprehensive income is that

A) the effect on other comprehensive income is reported in the statement of income.
B) unrealized gains and losses are not used to evaluate management.
C) unrealized losses must be reported on the statement of income, but unrealized gains are reported in other comprehensive income.
D) unrealized gains must be reported on the statement of income, but unrealized losses are reported in other comprehensive income.